FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549


Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934


For August 6, 2010

Commission File Number: 001-10306

The Royal Bank of Scotland Group plc

RBS, Gogarburn, PO Box 1000
Edinburgh EH12 1HQ

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F    X     Form 40-F        

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_________

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_________

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes           No    X  



If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________





The following information was issued as a Company announcement in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:


 

 

Appendix 5

 

Indicative impact of future transfers

 


 

Appendix 5 - Indicative impact of future transfers

 

Planned divisional transfers

As part of the Group's strategic plan update, certain transfers of assets between divisions will be executed at book value during the second half.

 

· In GBM, certain derivatives related to underlying asset exposures in Non-Core will be transferred to Non-Core to better align management of the overall net position.

· In Ulster Bank, the Group has decided to cease early stage development property lending. Accordingly, Ulster's Corporate Markets business will transfer a portfolio of development property lending assets to Non-Core. In addition, reflecting its continued commitment to the retail mortgage sector, assets which had been included in Non-Core will now be transferred back and be managed as part of the core business.

The overall effect of these transfers is not considered material and divisional results will be impacted from 1 July 2010. However, to assist understanding of the transfers in the context of historical results, the pro forma indicative impact of the transfer on each division's results is set out below.

 

These planned revisions will not affect overall Group results.

 

 

 

 

 

 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2010

 

Quarter ended 31 March 2010

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Core

                 
                   

Net interest income

3,212 

19 

(20)

3,211 

 

3,035 

19 

(19)

3,035 

                   

Non-interest income

  (excluding insurance net

  premium income)

3,592 

150 

3,742 

 

3,864 

3,868 

Insurance net premium

  income

1,105 

1,105 

 

1,121 

1,121 

                   

Non-interest income

4,697 

150 

4,847 

 

4,985 

4,989 

                   

Total income

7,909 

19 

130 

8,058 

 

8,020 

19 

(15)

8,024 

Operating expenses

(3,511)

(1)

(3,509)

 

(3,774)

(1) 

(3,773)

                   

Profit before other

  operating charges

4,398 

18 

133 

4,549 

 

4,246 

18 

(13)

4,251 

Insurance net claims

(1,108)

(1,108)

 

(1,003)

(1,003)

                   

Operating profit before

  impairment losses

3,290 

18 

133 

3,441 

 

3,243 

18 

(13)

3,248 

Impairment losses

(1,097)

(23)

128 

(992)

 

(971)

(20)

122 

(869)

                   

Operating profit

2,193 

(5) 

261 

2,449 

 

2,272 

(2)

109 

2,379 



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

1,387.6 

5.6 

(10.7)

1,382.5 

 

1,370.3 

6.1 

(10.5)

1,365.9 

Loans and advances to

  customers - gross

 

428.9 

5.6 

(5.0)

429.5 

 

429.4 

6.1 

(5.3)

430.2 

Customer deposits

413.5 

(0.1)

413.4 

 

414.9 

(0.1)

414.8 

Risk elements in lending

14.7 

0.5 

(1.3)

13.9 

 

12.5 

0.4 

(1.0)

11.9 

Risk-weighted assets

298.9 

3.1 

(9.4)

292.6 

 

296.4 

3.2 

(12.2)

287.4 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2010

 

Quarter ended 31 March 2010

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

472 

20 

(19)

473 

 

499 

19 

(19)

499 

                   

Non-interest income

  (excluding insurance net

  premium income)

228 

(150)

78 

 

267 

(4)

263 

Insurance net premium

  income

173 

173 

 

168 

168 

                   

Non-interest income

401 

(150)

251 

 

435 

(4)

431 

                   

Total income

873 

(130)

(19)

724 

 

934 

15 

(19)

930 

Operating expenses

(592)

(3)

(594)

 

(656)

(2)

(657)

                   

Profit before other

  operating charges

281 

(133)

(18)

130 

 

278 

13 

(18)

273 

Insurance net claims

(215)

(215)

 

(133)

(133)

                   

Operating profit/(loss)

  before impairment losses

66 

(133)

(18)

(85)

 

145 

13 

(18)

140 

Impairment losses

(1,390)

(128)

23 

(1,495)

 

(1,704)

(122)

20 

(1,806)

                   

Operating loss

(1,324)

(261)

(1,580)

 

(1,559)

(109)

(1,666)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

193.3 

10.7 

(5.6)

198.4 

 

212.6 

10.5 

(6.1)

217.0 

Loans and advances to

  customers - gross

126.4 

5.0 

(5.6)

125.8 

 

141.2 

5.3 

(6.1)

140.4 

Customer deposits

7.4 

0.1 

7.5 

 

10.2 

0.1 

10.3 

Risk elements in lending

22.0 

1.3 

(0.5)

22.8 

 

24.0 

1.0 

(0.4)

24.6 

Risk-weighted assets

175.0 

9.4 

(3.1)

181.3 

 

164.3 

12.2 

(3.2)

173.3 




 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 31 December 2009

 

Quarter ended 30 September 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Core

                 
                   

Net interest income

2,935 

18 

(17)

2,936 

 

3,035 

16  

(15)

3,036 

                   

Non-interest income

  (excluding insurance net

  premium income)

3,360 

(110)

3,250 

 

2,877 

51 

2,928 

Insurance net premium

  income

1,137 

1,137 

 

1,128 

1,128 

                   

Non-interest income

4,497 

(110)

4,387 

 

4,005 

51 

4,056 

                   

Total income

7,432 

18 

(127)

7,323 

 

7,040 

16 

36 

7,092 

Operating expenses

(3,788)

(1)

(3,786)

 

(3,669)

(3,667)

                   

Profit before other

  operating charges

3,644 

17 

(124)

3,537 

 

3,371 

16 

38 

3,425 

Insurance net claims

(1,173)

(1,173)

 

(1,019)

(1,019)

                   

Operating profit before

  impairment losses

2,471 

17 

(124)

2,364 

 

2,352 

16 

38 

2,406 

Impairment losses

(1,288)

(16)

85 

(1,219)

 

(1,213)

(7)

22 

(1,198)

                   

Operating profit

1,183 

(39)

1,145 

 

1,139 

9  

60 

1,208 



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

1,301.6 

6.1 

(9.9)

1,297.8 

 

1,447.3 

6.3 

(10.3)

1,443.3 

Loans and advances to

  customers - gross

420.2 

6.1 

(5.3)

421.0 

 

443.9 

6.3 

(5.4)

444.8 

Customer deposits

401.7 

(0.1)

401.6 

 

407.8 

(0.1)

407.7 

Risk elements in lending

12.1 

0.3 

(0.5)

11.9 

 

11.7 

0.3 

(0.4)

11.6 

Risk-weighted assets

394.5 

2.7 

(9.5)

387.7 

 

394.0 

2.1 

(9.6)

386.5 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 31 December 2009

 

Quarter ended 30 September 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

511 

17 

(18)

510 

 

226 

15 

(16)

225 

                   

Non-interest income

  (excluding insurance net

  premium income)

(574)

110 

(464)

 

(345)

(51)

(396)

Insurance net premium

  income

171 

171 

 

173 

173 

                   

Non-interest income

(403)

110 

(293)

 

(172)

(51)

(223)

                   

Total income

108 

127 

(18)

217 

 

54 

(36)

(16)

Operating expenses

(685)

(3)

(687)

 

(526)

(2)

(528)

                   

Loss before other

  operating charges

(577)

124 

(17)

(470)

 

(472)

(38)

(16)

(526)

Insurance net claims

(148)

(148)

 

(126)

(126)

                   

Operating loss before

  impairment losses

(725)

124 

(17)

(618)

 

(598)

(38)

(16)

(652)

Impairment losses

(1,811)

(85)

16 

(1,880)

 

(2,066)

(22)

(2,081)

                   

Operating loss

(2,536)

39 

(1)

(2,498)

 

(2,664)

(60)

(9)

(2,733)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

220.9 

9.9 

(6.1)

224.7 

 

233.0 

10.3 

(6.3)

237.0 

Loans and advances to

  customers - gross

149.5 

5.3 

(6.1)

148.7 

 

159.1 

5.4 

(6.3)

158.2 

Customer deposits

12.6 

0.1 

12.7 

 

16.0 

0.1 

16.1 

Risk elements in lending

22.9 

0.5 

(0.3)

23.1 

 

23.3 

0.4 

(0.3)

23.4 

Risk-weighted assets

171.3 

9.5 

(2.7)

178.1 

 

200.7 

9.6 

(2.1)

208.2 




 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2009

 

Quarter ended 31 March 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Core

                 
                   

Net interest income

3,133 

(15)

3,127 

 

3,216 

(12)

3,210 

                   

Non-interest income

  (excluding insurance net 

  premium income)

2,570 

201 

2,771 

 

6,118 

6,127 

Insurance net premium

  income

1,105 

1,105 

 

1,112 

1,112 

                   

Non-interest income

3,675 

201 

3,876 

 

7,230 

7,239 

                   

Total income

6,808 

186 

7,003 

 

10,446 

(3)

10,449 

Operating expenses

(3,529)

-3 

(3,526)

 

(3,968)

(3,966)

                   

Profit before other

  operating charges

3,279 

189 

3,477 

 

6,478 

(1)

6,483 

Insurance net claims

(788)

(788)

 

(789)

(789)

                   

Operating profit before

  impairment losses

2,491 

189 

2,689 

 

5,689 

(1)

5,694 

Impairment losses

(1,147)

(11)

25 

(1,133)

 

(1,030)

(8)

12 

(1,026)

                   

Operating profit

1,344 

(2)

214 

1,556 

 

4,659 

(2)

11 

4,668 



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

1,397.9 

5.8 

(9.5)

1,394.2 

 

1,745.8 

6.3 

(11.6)

1,740.5 

Loans and advances to

  customers - gross

442.8 

5.8 

(5.1)

443.5 

 

498.0 

6.3 

(5.5)

498.8 

Customer deposits

400.3 

(0.1)

400.2 

 

422.6 

(0.1)

422.5 

Risk elements in lending

10.2 

0.2 

(0.2)

10.2 

 

9.0 

0.1 

(0.2)

8.9 

Risk-weighted assets

373.3 

2.0 

(7.9)

367.4 

 

401.1 

1.8 

(9.2)

393.7 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2009

 

Quarter ended 31 March 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

189 

15 

(9)

195 

 

322 

12 

(6)

328 

                   

Non-interest income

  (excluding insurance net 

  premium income)

(1,072)

(201)

(1,273)

 

(2,342)

(9)

(2,351)

Insurance net premium

  income

196 

196 

 

244 

244 

                   

Non-interest income

(876)

(201)

(1,077)

 

(2,098)

(9)

(2,107)

                   

Total income

(687)

(186)

(9)

(882)

 

(1,776)

(6)

(1,779)

Operating expenses

(537)

(3)

(540)

 

(699)

(2)

(701)

                   

Loss before other

  operating charges

(1,224)

(189)

(9)

(1,422)

 

(2,475)

(6)

(2,480)

Insurance net claims

(137)

(137)

 

(177)

(177)

                   

Operating loss before

  impairment losses

(1,361)

(189)

(9)

(1,559)

 

(2,652)

(6)

(2,657)

Impairment losses

(3,516)

(25)

11 

(3,530)

 

(1,828)

(12)

(1,832)

                   

Operating loss

(4,877)

(214)

(5,089)

 

(4,480)

(11)

(4,489)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

246.5 

9.5 

(5.8)

250.2 

 

314.7 

11.6 

(6.3)

320.0 

Loans and advances to

  customers - gross

164.1 

5.1 

(5.8)

163.4 

 

183.7 

5.5 

(6.3)

182.9 

Customer deposits

15.0 

0.1 

15.1 

 

23.7 

0.1 

23.8 

Risk elements in lending

20.5 

0.2 

(0.2)

20.5 

 

14.7 

0.2 

(0.1)

14.8 

Risk-weighted assets

174.0 

7.9 

(2.0)

179.9 

 

174.4 

9.2 

(1.8)

181.8 



 

 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Half year ended 30 June 2010

 

Half year ended 30 June 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Core

                 
                   

Net interest income

6,247 

38 

(39)

6,246 

 

6,349 

15 

(27)

6,337 

                   

Non-interest income

  (excluding insurance net 

  premium income)

7,456 

154 

7,610 

 

8,688 

210 

8,898 

Insurance net premium

  income

2,226 

2,226 

 

2,217 

2,217 

                   

Non-interest income

9,682 

154 

9,836 

 

10,905 

210 

11,115 

                   

Total income

15,929 

38 

115 

16,082 

 

17,254 

15 

183 

17,452 

Operating expenses

(7,285)

(2)

(7,282)

 

(7,497)

(7,492)

                   

Profit before other

  operating charges

8,644 

36 

120 

8,800 

 

9,757 

15 

188 

9,960 

Insurance net claims

(2,111)

(2,111)

 

(1,577)

(1,577)

                   

Operating profit before

  impairment losses

6,533 

36 

120 

6,689 

 

8,180 

15 

188 

8,383 

Impairment losses

(2,068)

(43)

250 

(1,861)

 

(2,177)

(19)

37 

(2,159)

                   

Operating profit

4,465 

(7)

370 

4,828 

 

6,003 

(4)

225 

6,224 



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

1,387.6 

5.6 

(10.7)

1,382.5 

 

1,397.9 

5.8 

(9.5)

1,394.2 

Loans and advances to

  customers - gross

428.9 

5.6 

(5.0)

429.5 

 

442.8 

5.8 

(5.1)

443.5 

Customer deposits

413.5 

(0.1)

413.4 

 

400.3 

(0.1)

400.2 

Risk elements in lending

14.7 

0.5 

(1.3)

13.9 

 

10.2 

0.2 

(0.2)

10.2 

Risk-weighted assets

298.9 

3.1 

(9.4)

292.6 

 

373.3 

2.0 

(7.9)

367.4 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Half year ended 30 June 2010

 

Half year ended 30 June 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

971 

39 

(38)

972 

 

511 

27 

(15)

523 

                   

Non-interest income

  (excluding insurance net 

  premium income)

495 

(154)

341 

 

(3,414)

(210)

(3,624)

Insurance net premium

  income

341 

341 

 

440 

440 

                   

Non-interest income

836 

(154)

682 

 

(2,974)

(210)

(3,184)

                   

Total income

1,807 

(115)

(38)

1,654 

 

(2,463)

(183)

(15)

(2,661)

Operating expenses

(1,248)

(5)

(1,251)

 

(1,236)

(5)

(1,241)

                   

Profit/(loss) before other

  operating charges

559 

(120)

(36)

403 

 

(3,699)

(188)

(15)

(3,902)

Insurance net claims

(348)

(348)

 

(314)

(314)

                   

Operating profit/(loss)

  before impairment losses

211 

(120)

(36)

55 

 

(4,013)

(188)

(15)

(4,216)

Impairment losses

(3,094)

(250)

43 

(3,301)

 

(5,344)

(37)

19 

(5,362)

                   

Operating loss

(2,883)

(370)

(3,246)

 

(9,357)

(225)

(9,578)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

193.3 

10.7 

(5.6)

198.4 

 

246.5 

9.5 

(5.8)

250.2 

Loans and advances to

  customers - gross

126.4 

5.0 

(5.6)

125.8 

 

164.1 

5.1 

(5.8)

163.4 

Customer deposits

7.4 

0.1 

7.5 

 

15.0 

0.1 

15.1 

Risk elements in lending

22.0 

1.3 

(0.5)

22.8 

 

20.5 

0.2 

(0.2)

20.5 

Risk-weighted assets

175.0 

9.4 

(3.1)

181.3 

 

174.0 

7.9 

(2.0)

179.9 




 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Year ended 31 December 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

         

Core

       
         

Net interest income

12,319 

49 

(59)

12,309 

         

Non-interest income (excluding insurance net premium income)

14,925 

151 

15,076 

Insurance net premium income

4,482 

4,482 

         

Non-interest income

19,407 

151 

19,558 

         

Total income

31,726 

49 

92 

31,867 

Operating expenses

(14,954)

(1)

10 

(14,945)

         

Profit before other operating charges

16,772 

48 

102 

16,922 

Insurance net claims

(3,769)

-- 

(3,769)

         

Operating profit before impairment losses

13,003 

48 

102 

13,153 

Impairment losses

(4,678)

(42)

144 

(4,576)

         

Operating profit

8,325 

246 

8,577 



 

 

£bn 

£bn 

£bn 

£bn 

         

Total third party assets (including derivatives mark to market)

1,301.6 

6.1 

(9.9)

1,297.8 

Loans and advances to customers - gross

420.2 

6.1 

(5.3)

421.0 

Customer deposits

401.7 

(0.1)

401.6 

Risk elements in lending

12.1 

0.3 

(0.5)

11.9 

Risk-weighted assets

394.5 

2.7 

(9.5)

387.7 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Year ended 31 December 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

         

Non-Core

       
         

Net interest income

1,248 

59 

(49)

1,258 

         

Non-interest income (excluding insurance net premium income)

(4,333)

(151)

(4,484)

Insurance net premium income

784 

784 

         

Non-interest income

(3,549)

(151)

(3,700)

         

Total income

(2,301)

(92)

(49)

(2,442)

Operating expenses

(2,447)

(10)

(2,456)

         

Loss before other operating charges

(4,748)

(102)

(48)

(4,898)

Insurance net claims

(588)

(588)

         

Operating loss before impairment losses

(5,336)

(102)

(48)

(5,486)

Impairment losses

(9,221)

(144)

42 

(9,323)

         

Operating loss

(14,557)

(246)

(6)

(14,809)



 

 

£bn 

£bn 

£bn 

£bn 

         

Total third party assets (including derivatives  mark to market)

220.9 

9.9 

(6.1)

224.7 

Loans and advances to customers - gross

149.5 

5.3 

(6.1)

148.7 

Customer deposits

12.6 

0.1 

12.7 

Risk elements in lending

22.9 

0.5 

(0.3)

23.1 

Risk-weighted assets

171.3 

9.5 

(2.7)

178.1 




 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2010

 

Quarter ended 31 March 2010

 

 As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

 As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Global Banking & Markets

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   
                   

Net interest income

335 

 

335 

 

379 

 

379 

Non-interest income

1,943 

150 

2,093 

 

2,413 

 

2,417 

Direct expenses

                 

- staff costs

(634)

 

(634)

 

(891)

 

(891)

- other costs

(237)

 

(237)

 

(229)

 

(229)

Indirect expenses

(162)

 

(162)

 

(174)

 

(174)

Impairment losses

(164)

 

(164)

 

(32)

 

(32)

                   

Operating profit

1,081 

150 

1,231 

 

1,466 

1,470 

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances

  (including banks)

128.9 

 

128.9 

 

133.5 

133.5 

Reverse repos

85.6 

85.6 

 

93.1 

93.1 

Securities

109.8 

(0.1)

109.7 

 

116.6 

(0.1)

116.5 

Cash and eligible bills

41.2 

41.2 

 

61.9 

61.9 

Other

34.5 

34.5 

 

38.6 

38.6 

                   

Total third party assets

  (excluding derivatives mark to market)

400.0 

(0.1)

399.9 

 

443.7 

(0.1)

443.6 

Net derivative assets (after netting)

52.1 

(5.4)

46.7 

 

66.9 

(4.8)

62.1 

Customer deposits (excluding repos)

45.6 

45.6 

 

47.0 

47.0 

Risk elements in lending

1.8 

1.8 

 

1.2 

1.2 

Risk-weighted assets

141.3 

(4.8)

136.5 

 

141.8 

(6.6)

135.2 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 31 December 2009

 

Quarter ended 30 September 2010

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Global Banking & Markets

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

324 

324 

 

447 

447 

Non-interest income

1,745 

(110)

1,635 

 

1,298 

51 

1,349 

Direct expenses

                 

- staff costs

(641)

(641)

 

(721)

 

(721)

- other costs

(247)

(247)

 

(240)

 

(240)

Indirect expenses

(180)

(180)

 

(191)

 

(191)

Impairment losses

(130)

(130)

 

(272)

 

(272)

                   

Operating profit

871 

(110)

761 

 

321 

51 

372 

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances

  (including banks)

127.8 

127.8 

 

156.3 

156.3 

Reverse repos

73.3 

73.3 

 

75.4 

75.4 

Securities

106.0 

 

(0.1)

105.9 

 

117.6 

(0.1)

117.5 

Cash and eligible bills

74.0 

74.0 

 

63.8 

63.8 

Other

31.1 

31.1 

 

46.0 

46.0 

                   

Total third party assets

  (excluding derivatives mark to market)

412.2 

(0.1)

412.1 

 

459.1 

(0.1)

459.0 

Net derivative assets (after

  netting)

68.0 

(4.2)

63.8 

 

84.3 

(4.5)

79.8 

Customer deposits (excluding repos)

46.9 

46.9 

 

56.8 

56.8 

Risk elements in lending

1.8 

1.8 

 

1.6 

1.6 

Risk-weighted assets

123.7 

(5.1)

118.6 

 

121.5 

(5.5)

116.0 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2009

 

Quarter ended 31 March 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Global Banking & Markets

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

660 

660 

`

812 

812 

Non-interest income

1,443 

202 

1,645 

 

4,280 

 

4,289 

Direct expenses

                 

- staff costs

(680)

(680)

 

(888)

(888)

- other costs

(204)

(204)

 

(274)

(274)

Indirect expenses

(201)

(201)

 

(193)

(193)

Impairment losses

31 

31 

 

(269)

(269)

                   

Operating profit

1,049 

202 

1,251 

 

3,468 

3,477 

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances

  (including banks)

155.2 

155.2 

 

205.3 

205.3 

Reverse repos

75.2 

75.2 

 

80.6 

80.6 

Securities

115.5 

(0.1)

115.4 

 

124.3 

(0.2)

124.1 

Cash and eligible bills

51.5 

51.5 

 

28.6 

28.6 

Other

40.5 

40.5 

 

37.4 

37.4 

                   

Total third party assets

  (excluding derivatives mark to market)

437.9 

(0.1)

437.8 

 

476.2 

(0.2)

476.0 

Net derivative assets (after

  netting)

80.7 

(4.1)

76.6 

 

99.8 

(5.6)

94.2 

Customer deposits (excluding repos)

63.4 

63.4 

 

80.1 

80.1 

Risk elements in lending

1.1 

1.1 

 

0.8 

0.8 

Risk-weighted assets

112.5 

(4.6)

107.9 

 

137.9 

(6.5)

131.4 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Half year ended 30 June 2010

 

Half year ended 30 June 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Global Banking & Markets

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

714 

714 

 

1,472 

1,472 

Non-interest income

4,356 

154 

4,510 

 

5,723 

211 

5,934 

Direct expenses

                 

- staff costs

(1,525)

(1,525)

 

(1,568)

(1,568)

- other costs

(466)

(466)

 

(478)

(478)

Indirect expenses

(336)

(336)

 

(394)

(394)

Impairment losses

(196)

(196)

 

(238)

(238)

                   

Operating profit

2,547 

154 

2,701 

 

4,517 

211 

4,728 

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances

  (including banks)

128.9 

 

128.9 

 

155.2 

155.2 

Reverse repos

85.6 

85.6 

 

75.2 

75.2 

Securities

109.8 

(0.1)

109.7 

 

115.5 

(0.1)

115.4 

Cash and eligible bills

41.2 

41.2 

 

51.5 

51.5 

Other

34.5 

34.5 

 

40.5 

40.5 

                   

Total third party assets

  (excluding derivatives mark to market)

400.0 

(0.1)

399.9 

 

437.9 

(0.1)

437.8 

Net derivative assets (after

  netting)

52.1 

(5.4)

46.7 

 

80.7 

(4.1)

76.6 

Customer deposits (excluding repos)

45.6 

45.6 

 

63.4 

63.4 

Risk elements in lending

1.8 

1.8 

 

1.1 

1.1 

Risk-weighted assets

141.3 

(4.8)

136.5 

 

112.5 

(4.6)

107.9 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Year ended 31 December 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Global Banking & Markets

£m 

£m 

£m

£m 

         

Net interest income

2,243 

2,243 

Non-interest income

8,766 

152 

8,918 

Direct expenses

       

- staff costs

(2,930)

(2,930)

- other costs

(965)

(965)

Indirect expenses

(765)

(765)

Impairment losses

(640)

(640)

         

Operating profit

5,709 

152 

5,861 

         
 

£bn 

£bn 

£bn 

£bn 

         

Loans and advances (including banks)

127.8 

127.8 

Reverse repos

73.3 

73.3 

Securities

106.0 

(0.1)

105.9 

Cash and eligible bills

74.0 

74.0 

Other

31.1 

31.1 

         

Total third party assets (excluding derivatives mark to market)

412.2 

(0.1)

412.1 

Net derivative assets (after netting)

68.0 

(4.2)

63.8 

Customer deposits (excluding repos)

46.9 

46.9 

Risk elements in lending

1.8 

1.8 

Risk-weighted assets

123.7 

(5.1)

118.6 




 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2010

 

Quarter ended 31 March 2010

 

 As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

 As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Ulster Bank

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

194 

19 

(20)

193 

 

188 

19 

(19)

188 

Non-interest income

53 

53 

 

53 

53 

Direct expenses

                 

- staff costs

(60)

(1)

(58)

 

(66)

(1)

(65)

- other costs

(17)

(17)

 

(18)

(18)

Indirect expenses

(66)

(66)

 

(76)

(76)

Impairment losses

(281)

(23)

128 

(176)

 

(218)

(20)

122 

(116)

                   

Operating loss

(177)

(5)

111 

(71)

 

(137)

(2)

105 

(34)

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances to

  customers

36.2 

5.6 

(5.0)

36.8 

 

38.8 

6.1 

(5.3)

39.6 

Customer deposits

22.7 

(0.1)

22.6 

 

23.7 

(0.1)

23.6 

Risk elements in lending

3.5 

0.5 

(1.3)

2.7 

 

3.0 

0.4 

(1.0)

2.4 

Risk-weighted assets

30.5 

3.1 

(4.6)

29.0 

 

32.8 

3.2 

(5.6)

30.4 



 

 

 

Quarter ended 31 December 2009

 

Quarter ended 30 September 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Ulster Bank

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

194 

18 

(17)

195 

 

176 

16 

(15)

177 

Non-interest income

91 

91 

 

55 

55 

Direct expenses

                 

- staff costs

(76)

(1)

(74)

 

(79)

(77)

- other costs

(18)

(18)

 

(20)

(20)

Indirect expenses

(118)

(118)

 

(73)

(73)

Impairment losses

(348)

(16)

85 

(279)

 

(144)

(7)

22 

(129)

                   

Operating loss

(275)

1  

71 

(203)

 

(85)

(67)

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances to

  customers

39.7 

6.1 

(5.3)

40.5 

 

40.6 

6.3 

(5.4)

41.5 

Customer deposits

21.9 

(0.1)

21.8 

 

20.9 

(0.1)

20.8 

Risk elements in lending

2.3 

0.3 

(0.5)

2.1 

 

2.0 

0.3 

(0.4)

1.9 

Risk-weighted assets

29.9 

2.7 

(4.4)

28.2 

 

28.5 

2.1 

(4.1)

26.5 



 

 

 

 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2009

 

Quarter ended 31 March 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Ulster Bank

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

208 

(15)

202 

 

202 

(12)

196 

Non-interest income

51 

(1)

50 

 

57 

57 

Direct expenses

                 

- staff costs

(81)

(79)

 

(89)

(87)

- other costs

(25)

(24)

 

(22)

(22)

Indirect expenses

(75)

(75)

 

(77)

(77)

Impairment losses

(90)

(11)

25 

(76)

 

(67)

(8)

12 

(63)

                   

Operating (loss)/profit

(12)

(2)

12 

(2)

 

(2)

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances to

  customers

39.0 

5.8 

(5.1)

39.7 

 

42.2 

6.3 

(5.5)

43.0 

Customer deposits

18.9 

(0.1)

18.8 

 

19.5 

(0.1)

19.4 

Risk elements in lending

1.6 

0.2 

(0.2)

1.6 

 

1.5 

0.1 

(0.2)

1.4 

Risk-weighted assets

26.2 

2.0 

(3.3)

24.9 

 

26.2 

1.8 

(2.7)

25.3 



 

 

Half year ended 30 June 2010

 

Half year ended 30 June 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Ulster Bank

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Net interest income

382 

38 

(39)

381 

 

410 

15 

(27)

398 

Non-interest income

106 

106 

 

108 

(1)

107 

Direct expenses

                 

- staff costs

(126)

(2)

(123)

 

(170)

(166)

- other costs

(35)

(35)

 

(47)

(46)

Indirect expenses

(142)

(142)

 

(152)

(152)

Impairment losses

(499)

(43)

250 

(292)

 

(157)

(19)

37 

(139)

                   

Operating (loss)/profit

(314)

(7)

216 

(105)

 

(8)

(4)

14 

                   
 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Loans and advances to

  customers

36.2 

5.6 

(5.0)

36.8 

 

39.0 

5.8 

(5.1)

39.7 

Customer deposits

22.7 

(0.1)

22.6 

 

18.9 

(0.1)

18.8 

Risk elements in lending

3.5 

0.5 

(1.3)

2.7 

 

1.6 

0.2 

(0.2)

1.6 

Risk-weighted assets

30.5 

3.1 

(4.6)

29.0 

 

26.2 

2.0 

(3.3)

24.9 




 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Year ended 31 December 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Ulster Bank

£m 

£m 

£m 

£m 

         

Net interest income

780 

49 

(59)

770 

Non-interest income

254 

(1)

253 

Direct expenses

       

- staff costs

(325)

(1)

(317)

- other costs

(85)

(84)

Indirect expenses

(343)

(343)

Impairment losses

(649)

(42)

144 

(547)

         

Operating loss

(368)

94 

(268)

         
 

£bn 

£bn 

£bn 

£bn 

         

Loans and advances to customers

39.7 

6.1 

(5.3)

40.5 

Customer deposits

21.9 

(0.1)

21.8 

Risk elements in lending

2.3 

0.3 

(0.5)

2.1 

Risk-weighted assets

29.9 

2.7 

(4.4)

28.2 




 


Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2010

 

Quarter ended 31 March 2010

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

534 

20 

(19)

535 

 

568 

19 

(19)

568 

                   

Non-interest income

  (excluding insurance net

  premium income)

166 

(150)

16 

 

198 

(4)

194 

Insurance net premium

  income

173 

173 

 

168 

168 

                   

Non-interest income

339 

(150)

189 

 

366 

(4)

362 

                   

Total income

873 

(130)

(19)

724 

 

934 

15 

(19)

930 

Operating expenses

(592)

(3)

(594)

 

(656)

(2)

(657)

                   

Profit before other

  operating charges

281 

(133)

(18)

130 

 

278 

13 

(18)

273 

Insurance net claims

(215)

(215)

 

(133)

(133)

                   

Operating profit before

  impairment losses

66 

(133)

(18)

(85)

 

145 

13 

(18)

140 

Impairment losses

(1,390)

(128)

23 

(1,495)

 

(1,704)

(122)

20 

(1,806)

                   

Operating (loss)

(1,324)

(261)

(1,580)

 

(1,559)

(109)

(1,666)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

193.3 

10.7 

(5.6)

198.4 

 

212.6 

10.5 

(6.1)

217.0 

Loans and advances to

  customers - gross

126.4 

5.0 

(5.6)

125.8 

 

141.2 

5.3 

(6.1)

140.4 

Customer deposits

7.4 

0.1 

7.5 

 

10.2 

0.1 

10.3 

Risk elements in lending

22.0 

1.3 

(0.5)

22.8 

 

24.0 

1.0 

(0.4)

24.6 

Risk-weighted assets

175.0 

9.4 

(3.1)

181.3 

 

164.3 

12.2 

(3.2)

173.3 



 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 31 December 2009

 

Quarter ended 30 September 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

578 

17 

(18)

577 

 

287 

15 

(16)

286 

                   

Non-interest income

  (excluding insurance net

  premium income)

(641)

110 

(531)

 

(406)

(51)

(457)

Insurance net premium

  income

171 

171 

 

173 

173 

                   

Non-interest income

(470)

110 

(360)

 

(233)

(51)

(284)

                   

Total income

108 

127 

(18)

217 

 

54 

(36)

(16)

Operating expenses

(685)

(3)

(687)

 

(526)

(2)

(528)

                   

(Loss) before other

  operating charges

(577)

124 

(17)

(470)

 

(472)

(38)

(16)

(526)

Insurance net claims

(148)

(148)

 

(126)

(126)

                   

Operating (loss) before

  impairment losses

(725)

124 

(17)

(618)

 

(598)

(38)

(16)

(652)

Impairment losses

(1,811)

(85)

16 

(1,880)

 

(2,066)

(22)

(2,081)

                   

Operating (loss)

(2,536)

39 

(1) 

(2,498)

 

(2,664)

(60)

(9)

(2,733)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

220.9 

9.9 

(6.1)

224.7 

 

233.0 

10.3 

(6.3)

237.0 

Loans and advances to

  customers - gross

149.5 

5.3 

(6.1)

148.7 

 

159.1 

5.4 

(6.3)

158.2 

Customer deposits

12.6 

0.1 

12.7 

 

16.0 

0.1 

16.1 

Risk elements in lending

22.9 

0.5 

(0.3)

23.1 

 

23.3 

0.4 

(0.3)

23.4 

Risk-weighted assets

171.3 

9.5 

(2.7)

178.1 

 

200.7 

9.6 

(2.1)

208.2 



 


 
 


Appendix 5 - Indicative impact of future transfers (continued)

 

 

Quarter ended 30 June 2009

 

Quarter ended 31 March 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m 

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

274 

15 

(9)

280 

 

395 

12 

(6)

401 

                   

Non-interest income

  (excluding insurance net

  premium income)

(1,157)

(201)

(1,358)

 

(2,415)

(9)

(2,424)

Insurance net premium

  income

196 

196 

 

244 

244 

                   

Non-interest income

(961)

(201)

(1,162)

 

(2,171)

(9)

(2,180)

                   

Total income

(687)

(186)

(9)

(882)

 

(1,776)

(6)

(1,779)

Operating expenses

(537)

(3)

(540)

 

(699)

(2)

(701)

                   

Loss before other

  operating charges

(1,224)

(189)

(9)

(1,422)

 

(2,475)

(6)

(2,480)

Insurance net claims

(137)

(137)

 

(177)

(177)

                   

Operating loss before

  impairment losses

(1,361)

(189)

(9)

(1,559)

 

(2,652)

(6)

(2,657)

Impairment losses

(3,516)

(25)

11 

(3,530)

 

(1,828)

(12)

(1,832)

                   

Operating loss

(4,877)

(214)

(5,089)

 

(4,480)

(11)

(4,489)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

246.5 

9.5 

(5.8)

250.2 

 

314.7 

11.6 

(6.3)

320.0 

Loans and advances to

  customers - gross

164.1 

5.1 

(5.8)

163.4 

 

183.7 

5.5 

(6.3)

182.9 

Customer deposits

15.0 

0.1 

15.1 

 

23.7 

0.1 

23.8 

Risk elements in lending

20.5 

0.2 

(0.2)

20.5 

 

14.7 

0.2 

(0.1)

14.8 

Risk-weighted assets

174.0 

7.9 

(2.0)

179.9 

 

174.4 

9.2 

(1.8)

181.8 




 


Appendix 5 - Indicative impact of future transfers (continued)

 

 

Half year ended 30 June 2010

 

Half year ended 30 June 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

 

£m 

£m 

£m

£m 

 

£m 

£m 

£m 

£m 

                   

Non-Core

                 
                   

Net interest income

1,102 

39 

(38)

1,103 

 

669 

27 

(15)

681 

                   

Non-interest income

  (excluding insurance net

  premium income)

364 

(154)

210 

 

(3,572)

(210)

(3,782)

Insurance net premium

  income

341 

341 

 

440 

440 

                   

Non-interest income

705 

(154)

551 

 

(3,132)

(210)

(3,342)

                   

Total income

1,807 

(115)

(38)

1,654 

 

(2,463)

(183)

(15)

(2,661)

Operating expenses

(1,248)

(5)

(1,251)

 

(1,236)

(5)

(1,241)

                   

Profit/(loss) before other operating charges

559 

(120)

(36)

403 

 

(3,699)

(188)

(15)

(3,902)

Insurance net claims

(348)

(348)

 

(314)

(314)

                   

Operating profit/(loss)

  before impairment losses

211 

(120)

(36)

55 

 

(4,013)

(188)

(15)

(4,216)

Impairment losses

(3,094)

(250)

43 

(3,301)

 

(5,344)

(37)

19 

(5,362)

                   

Operating loss

(2,883)

(370)

(3,246)

 

(9,357)

(225)

(9,578)



 

 

£bn 

£bn 

£bn 

£bn 

 

£bn 

£bn 

£bn 

£bn 

                   

Total third party assets

  (including derivatives

  mark to market)

193.3 

10.7 

(5.6)

198.4 

 

246.5 

9.5 

(5.8)

250.2 

Loans and advances to

  customers - gross

126.4 

5.0 

(5.6)

125.8 

 

164.1 

5.1 

(5.8)

163.4 

Customer deposits

7.4 

0.1 

7.5 

 

15.0 

0.1 

15.1 

Risk elements in lending

22.0 

1.3 

(0.5)

22.8 

 

20.5 

0.2 

(0.2)

20.5 

Risk-weighted assets

175.0 

9.4 

(3.1)

181.3 

 

174.0 

7.9 

(2.0)

179.9 



 


 

Appendix 5 - Indicative impact of future transfers (continued)

 

 

Year ended 31 December 2009

 

As 

 reported 

Transfers 

 in 

Transfers 

 out 

Revised 

Non-Core

£m 

£m 

£m 

£m 

         

Net interest income

1,534 

59 

(49)

1,544 

         

Non-interest income (excluding insurance net premium income)

(4,619)

(151)

(4,770)

Insurance net premium income

784 

784 

         

Non-interest income

(3,835)

(151)

(3,986)

         

Total income

(2,301)

(92)

(49)

(2,442)

Operating expenses

(2,447)

(10)

(2,456)

         

Loss before other operating charges

(4,748)

(102)

(48)

(4,898)

Insurance net claims

(588)

(588)

         

Operating loss before impairment losses

(5,336)

(102)

(48)

(5,486)

Impairment losses

(9,221)

(144)

42 

(9,323)

         

Operating loss

(14,557)

(246)

(6)

(14,809)



 

 

£bn 

£bn 

£bn 

£bn 

         

Total third party assets (including derivatives mark to market)

220.9 

9.9 

(6.1)

224.7 

Loans and advances to customers - gross

149.5 

5.3 

(6.1)

148.7 

Customer deposits

12.6 

0.1 

12.7 

Risk elements in lending

22.9 

0.5 

(0.3)

23.1 

Risk-weighted assets

171.3 

9.5 

(2.7)

178.1 



 






Signatures



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



Date:  August 6, 2010

  THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant)


  By: /s/ Jan Cargill

  Name:
Title:
Jan Cargill
Deputy Secretary