Thursday, June 24, 2010

RBS 2009

Asset quality and provision
-- provision is relatively low: risk elements in loans (REIL) $ E 38 bil, provision coverage only 45% in 2009 (page 95)
--but write-off is only $E 7 bil while, charge to income statement (provision) in 2009 was $E 14, this might be really conservative (note 12, page 248)



http://www.sec.gov/Archives/edgar/data/844150/000095010310001203/dp16844_20f.htm

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