Appendix I

Third quarter 2009 results

Reconciliations of pro forma to statutory income statements and balance sheets

Income statement for the quarter ended 30 September 2009

		A dj us
		RF S M in ity or	Re al lo tio ca n	St at ut or y
	Pr fo o rm a	in te st re	of of f i te on e- m s
	£m	£m	£m
in N et te st re rn co m e	3, 26 1	60 2	-	3, 86 3
N -in (e lu di in in iu te st t p on re xc ng su ra nc e ne co m e re m m
in e) co m	2, 53 2	56 8	55 (1 )	2, 94 5
in In iu t p su ra nc e ne co m e re m m	1,3 01	(2 9)	-	1,2 72
-in N in te st on re co m e	3, 83 3	53 9	(1 55 )	4, 21 7
To l in ta co m e	7, 09 4	11 41	(1 55 )	8, 08 0
O tin pe ra g ex pe ns es	(4 ,1 95 )	(9 60 )	(3 ) 97	(5 ,5 52 )
Pr of itl (lo ) be fo he in ch ot at ss re r op er g ar ge s	2, 89 9	18 1	(5 52 )	2, 52 8
In la im t c su ra nc e ne s	(1 ,14 5)	(6 4)	-	(1 ,2 09 )
O tin of itl (lo ) be fo im irm t l pe ra g pr ss re pa en os se s	1,7 54	11 7	(5 52 )	1,3 19
Im irm t l pa en os se s	(3 ,2 79 )	(2 09 )	-	(3 ,4 88 )
G in lo at ro up op er g ss	(1 ,5 25 )	(9 2)	(5 52 )	(2 ,1 69 )
A tis ati ha d in ib le of ta ts m or on pu rc se ng as se	(7 3)	-	73	-
In ati d rin te str tu sts gr on an re uc g co	(3 24 )	-	32 4	-
St gi di al te ra c sp os s	(1 55 )	-	15 5	-
in ui Lo be fo fro io nt ta at ss re co ng x m op er ns	(2 ,0 77 )	(9 2)	-	(2 ,1 ) 69
Ta x	57 6	21	-	59 7
fro io Lo in ui at nt ss m op er ns co ng	(1 ,5 01 )	(7 1)	-	(1 ,5 72 )
Lo fro di tin d io of at et ta ss m sc on ue op er ns , n x	(7 )	(1 2)	-	(1 9)
Lo fo he rio d r t ss pe	(1 ,5 08 )	(8 3)	-	(1 ,5 91 )
M in ity in te sts or re	(4 7)	83	-	36
ef r d iv id ds Pr sh d he ot er en ce ar e en an	(2 45 )	-	-	(2 45 )
Lo tri bu bl di sh eh ol de at ta to ss e or na ry ar rs	(1 ,8 00 )	-	-	(1 ,8 00 )

Income statement for the quarter ended 30 June 2009

			A dj us
			RF S M in ity or	al lo tio Re ca n
		Pr fo o rm a	in te st re	of of f i te on e- m s	St at ut or y
		£m	£m	£m
in in N te st et re co m e		3, 32 2	65 7	-	3, 97 9
N -in in (e lu di in te st t p on re co m e xc ng su ra nc e ne re	iu m m
in e) co m		1,4 98	62 2	4, 00 2	12 2 6,
In iu in t p su ra nc e ne re m m co m e		1,3 01	51	-	1,3 52
N -in in te st on re co m e		2, 79 9	3 67	4, 00 2	7, 47 4
l in To ta co m e		6, 12 1	1,3 30	4, 00 2	11 ,4 53
O tin pe ra g ex pe ns es		(4 ,0 ) 66	(9 45 )	(7 21 )	(5 ,7 32 )
Pr of it be fo he in ch ot at re r op er g ar ge s		2, 05 5	38 5	3.2 81	5,7 21
In la im t c su ra nc e ne s		(9 25 )	(1 22 )	-	(1 ,04 7)
O tin of it be fo im irm t l pe ra g pr re pa en os se s		1, 13 0	26 3	3,2 81	4, 67 4
t l Im irm os se s pa en		(4 ,6 63 )	(3 07 )	-	(4 ,97 0)
G in (Io )Ip fit at ro up op er g ss ro		(3 ,5 33 )	(4 4)	3,2 81	(2 96 )
A tis ati of ha d in ib le ta ts m or on pu rc se ng as se		(5 5)	-	55	-
In ati d rin te str tu sts gr on an re uc g co		(3 55 )	-	35 5	-
rit do of od wi ll W e- wn go		(3 11 )	-	31 1	-
G ain de io of de bt pt on re m n ow n		3, 79 0	-	(3 ,7 90 )	-
gi di al St te ra c sp os s		21 2	-	(2 12 )	-
be fo fro in ui Lo io ta nt at ss re x m co ng op er ns		(2 52 )	(4 4)	-	(2 96 )
Ta x		64 0	42	-	68 2
Pr of itl (lo ) f in ui io nt at ss ro m co ng op er ns		38 8	(2)	-	38 6
Lo ss/ (p fit ) f di tin d io of at et ro ro m sc on ue op er ns , n	ta x	(1 3)	67	-	54
Pr of it fo he rio d r t pe		37 5	65	-	44 0
M in ity in te sts or re		(8 3)	(6 5)	-	(1 48 )
ef sh d he r d iv id ds Pr ot er en ce ar e an en		(4 32 )	-	-	(4 32 )
Lo tri bu bl di sh eh ol de at ta to ss e or na ry ar rs		(1 40 )	-	-	(1 40 )

Income statement for the quarter ended 30 September 2008

		A dj tm ts us en
		M in ity RF S or	al lo tio Re ca n
	Pr fo o rm a	in te st re	of of f i te on e- m s	St at ut or y

N in in et te st re co m e	3, 83 6	95 4		4, 79 0
-in N in (e lu di in iu te st t p on re xc ng co m e su ra nc e ne re m m
in e) co m	3, 34 0	28 5	-	3, 62 5
In iu in t p su ra nc e ne re m m co m e	1,4 09	13 8	-	1,5 47
N -in in te st on re co m e	4, 74 9	42 3	-	5, 17 2
To l i ta nc om e	8, 58 5	1,3 77	-	9, 96 2
O tin pe ra g ex pe ns es	(4 ,0 60 )	(8 53 )	(4 08 )	(5 ,3 21 )
Pr of itl (Io ) be fo he in ch ot at ss re r op er g ar ge s	4, 52 5	52 4	(4 08 )	4, 64 1
In la im t c su ra nc e ne s	(9 34 )	(1 12 )	-	(1 ,04 6)
O tin of itl Q s) be fo im irm t l pe ra g pr os re pa en os se s	3, 59 1	41 2	(4 08 )	3, 59 5
irm Im t l pa en os se s	(1 ,2 80 )	(1 17 )	-	(1 ,3 ) 97
G in of itl (lo ) at ro up op er g pr ss	2, 31 1	29 5	(4 08 )	2, 19 8
tis ati A of ha d in ib le ta ts m or on pu rc se ng as se	(1 19 )	-	11 9	-
In ati rin d te str tu sts gr on re uc g co an	(2 89 )	-	28 9	-
of it be fo in ui Pr fro io ta nt at re m co ng x op er ns	1,9 03	29 5	-	2, 19 8
Ta x	(7 24 )	(6 1)	-	(7 85 )
Pr of it fro in ui io nt at m co ng op er ns	1, 17 9	23 4	-	1,4 13
Lo ss/ (p fit ) fro di tin d io of at et ta ro m sc on ue op er ns , n x	(4 6)	3, 57 2	-	3, 52 6
Pr of it fo he rio d r t pe	1, 13 3	3, 80 6	-	4, 93 9
M in ity in te sts or re	(4 3)	(3 ,80 6)	-	(3 ,84 9)
ef sh d he r d iv id ds Pr ot er en ce ar e an en	(2 19 )	-	-	(2 19 )
Pr of it tri bu bl di sh eh ol de at ta to e or na ry ar rs	87 1	-	-	87 1

Income statement for the nine months ended 30 September 2009

		A dj us
		RF S M in ity or	Re al lo tio ca n
	Pr fo o rm a	in te st re	of of f i tem on e- s	St at ut or y
	£m	£m	£m
N in in te st et re co m e	10 ,1 21	2, 11 6	-	12 ,2 37
-in in lu di in iu N (e te st t p on re co m e xc ng su ra nc e ne re m m
in e) co m	7, 80 6	1,6 97	4, 08 8	13 ,59 1
In iu in t p su ra nc e ne re m m co m e	3, 95 8	13 5	-	4, 09 3
-in in N te st on re co m e	11 ,7 64	1,8 32	4, 08 8	17 ,6 84
To l i ta nc om e	21 ,8 85	3, 94 8	4, 08 8	29 ,92 1
O tin pe ra g ex pe ns es	(1 2, 92 8)	(2 33 ) ,9	(1 ,5 82 )	(1 7, 44 3)
Pr of it be fo he in ch ot at re r op er g ar ge s	8, 95 7	1,0 15	2, 50 6	12 ,4 78
la im In t c s su ra nc e ne	(3 ,0 36 )	(3 07 )	-	(3 ,34 3)
O tin of it be fo im irm t l pe ra g pr re pa en os se s	5, 92 1	70 8	2, 50 6	9, 13 5
irm t l Im pa en os se s	(1 0, 80 0)	(7 48 )	-	(1 1,5 48 )
in fit G (Io )/p at ro up op er g ss ro	(4 ,8 79 )	(4 0)	2, 50 6	(2 ,4 13 )
A tis ati of ha d in ib le ta ts m or on pu rc se ng as se	(2 13 )	-	21 3	-
In ati d rin te str tu sts gr on an re uc g co	(1 ,0 58 )	-	1,0 58	-
rit do of od wi ll W e- wn go	(3 11 )	-	31 1	-
G ain de io of de bt pt on re m n ow n	3, 79 0	-	(3 ,79 0)	-
St gi di al te ra c sp os s	29 8	-	(2 98 )	-
Lo be fo fro in ui io ta nt at ss re x m co ng op er ns	(2 ,3 73 )	(4 0)	-	(2 ,4 13 )
Ta x	98 8	50	-	1,0 38
(L s) Ip fit fro in ui io nt at os ro m co ng op er ns	(1 ,3 85 )	10	-	(1 ,37 5)
Lo fro di tin d io of at et ta ss m sc on ue op er ns , n x	(6 5)	(1 6)	-	(8 1)
Lo fo he rio d r t pe ss	(1 ,4 50 )	(6)	-	(1 ,4 56 )
in ity in M te sts or re	(6 01 )	6	-	(5 95 )
ef sh d he r d iv id ds Pr ot er en ce ar e an en	(7 91 )	-	-	(7 91 )
Lo tri bu bl di sh eh ol de at ta to ss e or na ry ar rs	(2 ,8 42 )	-	-	(2 ,84 2)

Income statement for the nine months ended 30 September 2008

		A dj	tm ts us en
	RF S
		in ity M or	Re al lo tio ca n	R d ta te es
	fo Pr o rm a	in te st re	of of f i te on e- m s	st at ut or y
	£m	£m
N in in et te st re co m e	11 ,3 37	2, 14 8	-	13 ,4 85
N -in (e lu di in in iu te st t p on re xc ng su ra nc e ne co m e re m m
in e) co m	4, 62 9	98 7	-	5, 61 6
In in iu t p su ra nc e co m e ne re m m	4, 27 0	43 3	-	4, 70 3
N -in in te st on re co m e	8, 89 9	1,4 20	-	10 ,3 19
l To in ta co m e	20 ,2 36	3, 56 8	-	23 ,8 04
O tin pe ra g ex pe ns es	(1 2, 45 3)	(2 ,60 1)	(9 86 )	(1 04 0) 6,
of itl (lo ) Pr be fo he in ch ot at ss r op er g re ar ge s	7, 78 3	96 7	(9 86 )	7, 76 4
la im In t c su ra nc e ne s	(2 ,8 61 )	(3 74 )	-	(3 ,2 35 )
O tin of iU (lo ) b ef im irm t l pe ra g pr ss or e pa en os se s	4, 92 2	59 3	(9 86 )	4, 52 9
t l Im irm pa en os se s	(2 ,7 59 )	(2 99 )	-	(3 ,0 58 )
G in of iti (lo ) at ro up op er g pr ss	2, 16 3	29 4	(9 86 )	1,4 71
A tis ati ha d in ib le of ta ts m or on pu rc se ng as se	(3 81 )	-	38 1	-
In ati te st gr on co s	(6 05 )	-	60 5	-
of it in ui io Pr be fo fro nt at ta co ng op er ns re x m	1, 17 7	29 4	-	1,4 71
Ta x	(4 21 )	(3 1)	-	(4 52 )
Pr of it io fr in ui nt at op er ns om co ng	75 6	26 3	-	1,0 19
(L s)/ of it fro di tin d io of at et ta os pr m sc on ue op er ns , n x	(8 7)	3, 84 7	-	3, 76 0
Pr of it fo rio d he r t pe	9 66	4, 11 0	-	4, 77 9
in ity M in te sts or re	(1 91 )	(4 ,1 10 )	-	(4 ,3 01 )
he r d iv id ds Pr ef sh d ot en er en ce ar e an	(4 34 )	-	-	(4 34 )
of it Pr tri bu bl di sh eh ol de at ta to e or na ry ar rs	44	-	-	44

Balance sheet at 30 September 2009

	fo Pr o rm a	sf Tr an er s	St at ut or y
	£m	£m
A et ss s
ba la l b ks Ca sh d at nt nc es ce ra an an	36 ,5 67	58 0	37 ,1 47
lo d ad ba nk N et to an s an va nc es s	60 ,2 74	58 8, 4	68 ,8 58
ha d ck bo wi R ts sto ev er se re pu rc se ag re em en an rro ng	37 ,1 90	-	37 ,1 90
d ad ba nk Lo to an s an va nc es s	97 ,4 64	8, 58 4	10 6, 04 8
Ne t l d ad sto to an va nc es cu m er s oa ns	58 7, 99 6	13 7, 77 0	72 5,7 1 66
R ha d ck bo wi ts sto ev er se re pu rc se ag re em en an rro ng	43 ,4 63	-	43 ,4 6
d ad Lo to sto an s an va nc es cu m er s	63 1,4 59	13 0 7, 77	9, 22 9 76
iti D eb t s ec ur es	25 1,2 81	19 ,0 85	27 0, 36 6
ui sh Eq ty ar es	16 ,8 30	3, 4 76	20 ,5 94
ttl t b al Se em en an ce s	28 ,6 34	5	28 ,6 39
D iv ati er ve s	55 2, 46 6	2, 60 6	55 5, 07 2
In ib le ta ts ng as se	15 ,3 39	3, 19 2	18 ,5 31
Pr la d ui ty nt t op er , p an eq pm en	18 ,2 08	1,6 92	19 ,9 00
D ef d tio ta er re xa n	7, 66 7	70 0	8, 36 7
d in d he Pr ts ot ts co m e an m en ac cr ue r as se	19 ,6 64	2,7 21	22 ,3 85
ep ay , di al A of et sp os gr ou ps ss s	4, 73 7	14 0	4, 87 7

To l ta ts as se	1,6 80 ,3 16	18 0, 83 9	1, 86 1, 15 5
Li ab ili tie s
nk de sit Ba po s	13 8, 58 4	(1 2, 03 3)	12 6,5 51 1
R ch d ck len di ts sto ep ur as e ag re em en an ng	39 ,8 16	-	39 ,8 1
D its by ba nk ep os s	17 8, 40 0	(1 2, 03 3)	16 6, 36 7
Cu de sit sto m er po s	42 3, 76 9	13 2, 31 9	55 88 1
d ck len di R ch ts sto ep ur as e ag re em en an ng	69 ,4 65		6,0 69 ,4 6
Cu sto ts m er ac co un	49 3, 23 4	- 13 2, 31 9	62 5, 55 3
D eb iti in is t s ec ur es su e	26 6, 21 3	26 ,2 06	29 2, 41 9
Se ttl t b al d sh iti an or os on s	71 ,89 1	61	71 52 ,9
t p em en an ce s D iv ati	53 52 2	48 3	54 00 5
er ve s al de fe ed in d he r l iab ili tie A	7, 20 54	2, 04 8	0, 28 02
ot cc ru s, rr co m e an s tir t b ef it lia bi lit ie	,7 10	8,	,8
Re em en en s	1,4	39 8	1,8 08
D ef d tio ta er re xa n	3, 27 5	81 5	4, 09 0
In lia bi lit ies su ra nc e	7, 48 0	2, 63 3	10 ,1 13
Su bo rd in ed lia bi lit ie at s	33 ,0 85	4, 57 8	37 ,6 63
Li ab ili tie of di al s sp os gr ou ps	8,2 01	31	8, 23 2
To l lia bi lit ie ta s	1,6 21 ,4 65	16 5, 53 9	1,7 87 ,0 04
Eq ui ty :
M in ity in te sts or re	2, 18 5	15 ,3 00	17 ,4 8
Ow ' ui ty ne rs eq	56 ,6 66	-	56 ,6 6
l e ity To ta qu	58 ,8 51	15 ,3 00	74 ,1 51
To l lia bi lit ie d ui ta ty s an eq	1,6 80 ,3 16	18 0, 83 9	1, 86 1, 15 5

Balance sheet at 30 June 2009

	Pr fo o rm a	Tr sf an er s	St at ut or y
	£m	£m
A et ss s
h d ba la l b ks C at nt as an nc es ce ra an	34 ,3 02	5, 64 4	39 ,9 46
t l d ad ba nk Ne to oa ns an va nc es s	48 ,6 24	11 ,7 06	60 ,3 30
R ha d ck bo wi ts sto ev er se re pu rc se ag re em en an rro ng	35 ,0 76	-	35 ,0 76
d ad ba nk Lo to an s an va nc es s	83 ,7 00	1 1 06 ,7	95 ,4 06
Ne t l d ad to sto oa ns an va nc es cu m er s	59 3, 27 7	12 8, 98 3	72 2, 26 0
ha ck R d bo wi ts sto ev er se re pu rc se ag re em en an rro ng	47 ,4 85	29	47 ,5 14
Lo d ad to sto an s an va nc es cu m er s	64 0, 76 2	12 9, 01 2	76 9, 77 4
D eb iti t s ec ur es	22 9, 05 9	15 ,0 30	24 4, 08 9
ui sh Eq ty ar es	14 ,2 20	3, 36 0	17 ,5 80
Se ttl t b al em en an ce s	23 ,2 44	20	23 ,2 64
iv ati D er ve s	55 5, 89 0	1,3 94	55 28 4 7,
In ib le ta ts ng as se	15 ,1 17	3, 06 3	18 ,1 80
la d ui Pr ty nt t op er , p an eq pm en	16 ,2 92	1,6 03	17 ,8 95
D ef d tio ta er re xa n	7, 57 3	81 9	8, 39 2
d in d he Pr ts ot et ep ay m en ac cr ue co m e an r a ss s ,	20 20 ,6	2, 64 5	23 ,2 65
A of di al et ss s sp os gr ou ps	3, 66 6	18 2	3, 84 8
To l a ta et ss s	1,6 44 ,4 45	17 4, 47 8	1,8 18 ,9 23
Li ab ili tie s
nk de sit Ba po s	13 5, 60 1	(8 ,74 9)	12 6, 85 2
R ch d ck len di ts sto ep ur as e ag re em en an ng	44 ,1 42		44 ,1 42
its by ba nk D ep os s	17 74 3 9,	(8 ,74 9)	17 0, 99 4
Cu de sit sto m er po s	41 5, 26 7	5, 12 40 7	54 0, 67 4
R ch d ck len di ts sto ep ur as e ag re em en an ng	75 ,0 15		75 ,0 15
Cu sto ts m er ac co un	49 0, 28 2	- 12 5, 40 7	61 5, 68 9
D eb iti in is t s ec ur es su e	24 8, 71 0	25 ,4 70	27 4, 18 0
Se ttl t b al d sh iti t p em en an ce s an or os on s	60 ,2 82	5	60 ,2 87
D iv ati er ve s	53 4, 63 2	2, 43 2	53 7, 06 4
A al de fe ed in d he r l iab ili tie ot cc ru s, rr co m e an s	21 ,5 43	8, 57 8	30 ,12 1
Re tir t b ef it lia bi lit ie em en en s	1,3 63	36 8	1,7 31
ef d tio D ta er re xa n	3, 34 4	8 67	4, 02 2
In lia bi lit ie su ra nc e s	18 7, 6	2, 35 6	9, 54 2
bo rd in ed lia bi lit ie Su at s	32 ,1 06	3, 59 7	35 ,7 03
Li ab ili tie of di al s sp os gr ou ps	7, 46 5	33	49 8 7,
To l lia bi lit ie ta s	1,5 86 56 ,6	16 0, 17 5	1,7 46 ,8 31

Eq ui ty :
M in ity in te sts or re	2, 12 3	14 ,3 03	16 ,4 26
Ow ' ui ty ne rs eq	55 ,6 66	-	55 ,6 66
To l e ity ta qu	57 ,7 89	14 ,3 03	72 ,0 92
To l lia bi lit ie d ui ta ty s an eq	1,6 44 ,4 45	17 4, 47 8	1, 81 8, 92 3

Balance sheet at 31 December 2008

	Pr fo o rm a	Tr sf an er s	St at ut or y
	£m	£m
A et ss s
Ca sh d ba la l b ks at nt an nc es ce ra an	11 ,8 30	57 0	12 ,4 00
Ne t l d ad ba nk to oa ns an va nc es s	70 ,7 28	86 98	79 ,4 26
ha d ck bo wi R ts sto ev er se re pu rc se ag re em en an rro ng	58 1 ,77	-	58 ,77 1
ba nk Lo d ad to s an s an va nc es	12 9, 49 9	8, 69 8	13 8, 19 7
t l ad Ne d to sto oa ns va nc es cu m er s an	69 1,9 76	14 3, 43 3	83 5, 40 9
R ha d ck bo in ts sto ev er se re pu rc se ag re em en an rro w gs	39 ,2 89	24	39 ,3 13
d ad Lo to sto an s an va nc es cu m er s	73 1,2 65	14 3, 45 7	87 4, 72 2
D eb iti t s ec ur es	25 3, 15 9	14 ,3 90	26 7, 54 9
Eq ui sh ty ar es	22 ,1 98	4, 13 2	26 ,3 30
Se ttl t b al em en an ce s	17 ,8 12	20	17 ,8 32
D iv ati er ve s	99 1,4 95	1,0 64	55 99 2, 9
ib le In ta ts ng as se	16 ,4 15	3, 63 4	20 ,0 49
nd ui Pr pl t ty t a eq pm en op er an ,	17 ,1 81	1,7 68	18 ,9 49
ef d tio D ta er re xa n	5, 78 6	1,2 96	7, 08 2
d in Pr d he ot et ts ac cr ue co m e ep ay m en an r a ss s ,	21 ,5 73	2, 82 9	24 ,4 02
A di al of et ss s sp os gr ou ps	48 0	1,1 01	1,5 81
l a To ta et ss s	2, 21 8, 69 3	18 2, 95 9	2, 40 1,6 52
Li ab ili tie s
Ba nk de sit po s	17 8, 94 3	(4 ,5 65 )	17 4, 37 8
d ck len di R ch ts sto ag re em en an ng ep ur as e	83 ,6 66	-	83 ,6 66
its by ba nk D ep os s	26 2, 60 9	(4 ,5 65 )	25 8, 04 4
C de sit to us m er po s	46 0, 31 8	12 1,0 51	58 1,3 69
R ch d ck len di ts sto ep ur as e ag re em en an ng	58 ,1 43	-	58 ,1 43
Cu ts sto ac co un m er	61 8,4 61	12 1,0 51	63 9, 51 2
eb iti in is D t s ec ur es su e	26 9, 45 8	30 ,8 31	30 0, 28 9
ttl t b al Se d sh iti t p em en an ce s an or os on s	54 ,2 64	13	54 ,2 77
D iv ati er ve s	96 9, 40 9	1,9 55	97 1,3 64
in d A al de fe ed he lia bi lit ie ot co m e an cc ru s, rr r s	24 ,1 40	34 2 7,	31 ,4 82
Re tir t b ef it lia bi lit ies em en en	1,5 64	46 8	2, 03 2
D ef d tio ta er re xa n	3, 17 7	98 8	4, 16 5
lia bi lit ies In su ra nc e	7, 48 0	2, 49 6	9, 97 6
Su bo rd in ed lia bi lit ies at	43 ,6 78	5, 47 6	49 ,1 54
Li ab ili tie of di al s sp os gr ou ps	13 8	72 1	85 9
l lia bi lit ie To ta s	2, 15 4, 37 8	16 6, 77 6	2, 32 1, 15 4
ui Eq ty :
in ity in v1 te sts or re	5, 43 6	16 ,1 83	21 ,6 19
ui ty Ow ' eq ne rs	58 ,8 79	-	58 ,8 79
tal ui To ty eq	64 ,3 15	16 ,1 83	80 ,4 98
To l lia bi lit ie d ui ta ty an s eq	2, 21 8, 69 3	18 2, 95 9	2, 40 1,6 52

BOOK
	and the con-
the special control of the state of ma _r i e
qay. the country of the country of
- un the contract of the contract of the contract of
an Ma the control of the control of the con-
COLL In the control of the Control of the Control
2010年
and the company of the company of the company of the company of the company of n.
the contract of the contract of the con- $\mathcal{M} \subseteq \mathcal{M}$
e i	and the state of
TILE	Commentary
The Local	CONTRACTOR
	the control of the con-
the contract of the contract of the m.
T.	CONTRACTOR
the company's company's company's company's
the control of the con-

m an


$\mathcal{A}(\mathcal{A})$ .
A state of the control of the control of the control of
$\mathcal{A}^{\text{L}}$ Contract Contract Contract
CONTRACTOR

	Contract Contract
STATISTICS
	and the state

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the contract of the contract of the 盲
- 11	Contract Contract Contract
the contract of the contract of
Contract Contract
and a finite state in a second
The manager

	Controlled
the state of the state	Contract Contract
a sa sa	and an extent

the control of the control of the con-	Contract Contract

Appendix 2 Third quarter 2009 results Analysis by quarter

Summary consolidated income statement — pro forma

	20	08	20 09			Q3 20 09 vs
	Q3	Q4	Q i	Q2	Q3	20 08 Q3	Q2 20 09
	£m	£m	£m	£m
N in in et te st re co m e	3, 83 6	4, 42 7	3, 53 8	3, 32 2	3, 26 1	(1 5% )	(2 % )
N -in in (e lu di te st on re co m e xc ng
in iu in e) t p su ra nc e ne re m m co m	3, 34 0	(5 ,5 03 )	3, 77 6	1,4 98	2, 53 2	(2 4% )	69 %
In iu in t p su ra nc e ne re m m co m e	1,4 09	1,4 39	1,3 56	1,3 01	1,3 01	(8 % )	-
To l in ta co m e	8, 58 5	36 3	8, 67 0	12 1 6,	7, 09 4	(1 7% )	16 %
O tin pe ra g ex pe ns es	(4 ,0 60 )	(3 ,7 35 )	(4 ,6 67 )	(4 ,0 66 )	(4 ,1 95 )	3%	3%
Pr of itl (lo ) be fo he ot ss re r
in ch at op er g ar ge s	4, 52 5	(3 ,37 2)	4, 00 3	2, 05 5	2, 89 9	(3 ) 6%	41 %
In la im t c su ra nc e ne s	(9 34 )	(1 ,0 56 )	(9 ) 66	(9 25 )	(1 ,14 5)	23 %	24 %
O tin of it be fo pe ra g pr re
im ir tlo pa m en ss es	3,5 91	(4 ,4 28 )	3, 03 7	1, 13 0	1,7 54	(5 1% )	55 %
irm t l Im pa en os se s	(1 ,2 80 )	(4 ,67 3)	(2 ,8 58 )	(4 ,6 63 )	(3 ,2 79 )	15 6%	(3 0% )
of it/ (lo )* G in pr ss at ro up op er g	2, 31 1	(9 ,1 01 )	17 9	(3 ,5 33 )	(1 ,5 25 )	(1 ) 66 %	(5 7% )
A tis ati of ha d m or on pu rc se
in ib le ta ts ng as se	(1 19 )	(6 2)	(8 5)	(5 5)	(7 3)	(3 9% )	33 %
ati d rin In te str tu sts gr on an re uc g co	(2 89 )	(7 52 )	(3 79 )	(3 55 )	(3 24 )	12 %	(9 ) %
W rit do of od wi ll e- w n go	-	(1 6, 19 6)	-	(3 11 )	-	-	-
Ga in de io of de bt pt on re m n ow n	-	-	-	3, 79 0	-	-	-
St gi di al te ra c sp os s	-	44 2	24 1	21 2	(1 55 )	-	(1 73 % )
Pr of it/ (lo ) be fo ta ss re x	1,9 03	(2 5, 9) 66	(4 4)	(2 52 )	(2 ,0 ) 77	-	-
Ta x	(7 24 )	1,7 01	(2 28 )	64 0	57 6	(1 80 % )	(1 0% )
Pr of itl (lo ) f in ui nt ss ro m co ng
io at op er ns	1, 17 9	(2 3, 96 8)	(2 72 )	38 8	(1 ,5 01 )	-	-
Lo fro di tin d io at ss m sc on ue op er ns	(4 6)	1	5) (4	(1 3)	(7 )	(8 5% )	(4 6% )
of it/ (lo ) f th rio d Pr ss or e pe	1, 13 3	(2 3, 96 7)	(3 17 )	37 5	(1 ,5 08 )	-	-
M in ity in te sts or re	(4 3)	(2 21 )	(4 71 )	(8 3)	(4 7)	9%	(4 3% )
ef sh d he Pr ot er en ce ar e an r
di vi de nd s	(2 19 )	(1 62 )	(1 14 )	(4 32 )	(2 45 )	12 %	(4 3% )
Pr of itI (lo ) tri bu bl at ta to ss e
di sh eh ol de or na ry ar rs	87 1	(2 4, 35 0)	(9 02 )	(1 40 )	(1 ,8 00 )	-	-

*profjt/(Io55) before tax, purchased intangibles amortisation, integration and restructuring costs, and write-down of goodwill and other intangible assets.

47 .3 %	1,0 28 .9 %	53 .8 %	66 .4 %	59 .1 %	(1 ,1 84 bp )	73 0b p
2. 05 %	2. 10 %	1.7 8%	1.7 0%	1.7 5%	(3 Ob p)	5b p
£5 43 .lb n	£5 .8b 77 n	£5 75 .7b n	£5 47 .3b n	£5 94 .7 bn	10 %	9%
£1 0. 8b n	£1 8. 8b n	£2 3. 7b n	£3 0. 7b n	£3 5. Ob n	-	14 %

51 %	50 %	45 %	44 %	43 %	(8 00 bp )	(lO Ob p)

includes disposal groups.

Note:

2008 data have been restated for the amendment to IFRS 2 'Share-based Payment' and the finalisation of the ABN AMRO acquisition accounting in the second half of 2008.

Divisional performance

The profitl(Ioss) of each division before amortisation of purchased intangible assets, write-down of goodwill and other assets, integration and restructuring costs, and after allocation of manufacturing costs is shown below. The Group manages costs where they arise. Customer-facing divisions control their direct expenses whilst Manufacturing is responsible for shared costs.

		20 08		20 09			Q3 20 09 vs
		Q3	Q4	Q i	Q2	Q3	Q3 20 08	Q2 20 09
			£m	£m	£m
O tin of it !(l s) be fo pe ra g pr os re
im irm t l pa en os se s
UK Re tai l		42 0	38 1	37 1	49 0	46 8	11 %	(4 ) %
Co UK at rp or e		52 3	48 7	42 1	53 5	56 6	8%	6%
lth W ea		10 3	77	10 0	13 4	12 0	17 %	(1 0% )
Gl ob al Ba nk in & ke M ts g ar		61 6	(2 ,5 ) 97	3, 84 5	1, 11 6	64 7	5%	(4 2% )
Gl ob al io Se ic Tr ct an sa n rv es		27 5	28 5	24 0	26 9	27 5	-	2%
U lst Ba nk er		98	36	71	78	59	(4 0% )	(2 4% )
tai l & ci al US Re Co m m er		23 6	31 2	18 2	13 6	13 7	(4 2% )	1%
RB S In su ra nc e		15 0	17 6	81	14 2	13	(9 1% )	(9 1% )
Ce l i nt te ra m s		81 3	(4 76 )	48 6	(3 11 )	12 1	(8 5% )	13 9%
Co re		3, 23 4	(1 ,3 19 )	5, 79 7	2, 58 9	2, 40 6	(2 6% )	(7 % )
N -C on or e		35 7	(3 ,1 09 )	(2 ,7 60 )	(1 ,4 59 )	(6 52 )	-	55 %
O tin of itl (lo be fo ) pe ra g pr ss re
im ir tlo pa m en ss es		3,5 91	(4 ,42 8)	3, 03 7	1, 13 0	1,7 54	(5 1% )	55 %
fa ir of in lu ts m ov em en va e de bt :	ow n
Gl ob al nk in & ke Ba M ts g ar		64 8	(8 75 )	64 7	(4 82 )	(3 20 )	(1 49 % )	(3 4% )
Ce l i nt te ra m s		63 3	14	38 4	(4 78 )	(1 63 )	(1 26 ) %	(6 6% )
		1,2 81	(8 61 )	1,0 31	(9 60 )	(4 83 )	(1 38 % )	(5 0% )
Im irm t l by di vi sio pa en os se s	n
UK Re tai l		28 7	29 2	35 4	47 0	40 4	41 %	(1 4% )
UK Co at rp or e		55	16 9	10 0	45 0	18 7	-	(5 8% )
W lth ea		3	8	6	16	1	(6 7% )	(9 4% )
Gl ob al Ba nk in & M ke ts g ar		2	50 5	26 9	(3 1)	27 2	-	-
Gl ob al Tr io Se ic ct an sa n rv es		7	40	9	4	22	-	-
lst nk U Ba er		17	71	67	90	14 4	-	60 %
US Re tai l & Co ci al m m er		13 4	17 7	22 3	14 6	18 0	34 %	23 %
S RB In su ra nc e		-	42	5	1	2	-	10 0%
Ce l i nt te ra m s		7	11	(3)	1	1	(8 6% )	-
Co re		51 2	1,3 15	1,0 30	1, 14 7	1,2 13	13 7%	6%
N -C on or e		76 8	3, 35 8	1,8 28	3, 51 6	2, 06 6	16 9%	(4 1% )
To l im irm t l ta pa en os se s		1,2 80	4, 67 3	2, 85 8	4, 66 3	3, 27 9	15 6%	(3 0% )

Divisional performance (continued)

	20 08			20 09		Q3 20 09	vs
	Q3	Q4	Q1	Q2	Q3	Q3 20 08	Q2 20 09
	£m	£m	£m	£m
O tin of itl (Io ) by pe ra g pr ss di vi sio n
UK tai l Re	13 3	89	17	20	64	(5 2% )
UK Co at rp or e	46 8	31 8	32 1	85	37 9	(1 9% )	-
lth W ea	10 0	69	94	11 8	11 9	19 %	- 1%
ke Gl ob al Ba nk in & M ts ar g	61 4	(3 ,1 02 )	3, 57 6	1, 14 7	37 5	(3 9% )	(6 ) 7%
Gl ob al Tr io Se ic ct an sa n rv es	26 8	24 5	23 1	26 5	25 3	(6 ) %	%
U lst Ba nk er	81	(3 5)	4	(1 2)	(8 5)		(5 )
Co ci al US Re tai l & m m er	10 2	13 5			(4 3)	- 42 %	-
RB S In	15 0	13 4	(4 1) 76	(1 0) 14 1	11	(1 )	-
su ra nc e Ce l ite nt ra m s	80 6	(4 87 )	48 9	(3 12 )	12 0	(9 3% ) 5%	(9 2% ) 38 %
						(8 )	(1 )
Co re	2, 72 2	(2 ,6 34 )	4, 76 7	1,4 42	1, 19 3	(5 6% )	(1 7% )
N -C on or e	(4 11 )	(6 ,4 67 )	(4 ,5 88 )	(4 ,97 5)	(2 ,7 18 )	-	5% (4 )
G of itI (Io ) in at ro up op er g pr ss	2, 31 1	(9 ,1 01 )	17 9	(3 ,5 33 )	(1 ,5 25 )	(1 ) 66 %	(5 7% )

t l Lo im irm os se s an pa en Im irm t l ail ab le -fo pa en os se s on av r	1,0 23	4, 04 9	2, 27 6	4, 52 0	3, 26 2	-	(2 8% )
le rit ie sa se cu s	25 7	62 4	58 2	14 3	17	(9 3% )	(8 8% )
	1,2 80	4, 67 3	2, 85 8	4, 66 3	3, 27 9	15 6%	(3 0% )
im irm ha of Lo % t c an pa en rg e as ad lo d va nc es gr os s an s an clu di ha ex ng re ve rs e re pu rc se ts ag re em en	0. 64 %	2. 24 %	1.3 4%	2. 98 %	2. 14 %	l5 Ob p	(8 4b p)
	20 08			20 09		30 Se 20 pt	09 vs
	30 Se pt	31 D ec	31 M ar	30 Ju ne	30 Se pt	30 Se 20 08 pt	30 20 09 Ju ne
	£b n	£b n	£b n	£b n	£b n
R is k- ei gh d ts by te as se w di vi sio n
Re tai l UK	46 .2	45 .7	49 .6	54 .0	51 .6	12 %	(4 ) %
UK Co at rp or e	88 .7	85 .7	86 .2	89 .5	91 .0	3%	2%
W lth ea	10 .8	10 .8	10 .6	10 .3	10 .7	(1 % )	4%
Gl ob al Ba nk in & M ke ts ar g	16 5. 4	16 2. 4	14 8. 6	12 2. 4	13 1.9	(2 0% )	8%
Gl ob al io Se ic Tr ct an sa n rv es	19 .4	17 .4	18 .7	16 .7	18 .9	(3 % )	13 %
lst nk U Ba er	22 .2	24 .5	26 .2	26 .2	28 .5	28 %	9%
US Re tai l & Co ci al m m er	51 .4	63 .9	64 .3	55 .6	62 .8	22 %	13 %
O th er	8. 3	7. 1	8 7.	8.5	9. 0	9%	5%
	41 2. 4
Co re		41 7. 5	41 2. 0	38 3. 2	40 4. 4	(2 ) %	6%
N -C on or e	13 0. 7	16 0. 3	16 3. 7	16 4. 1	19 0. 3	46 %	16 %
is k- ei gh d ts To l r ta te as se w	54 3, 1	57 7. 8	57 5. 7	54 7. 3	59 4. 7	10 %	9%

UK Retail

	20 08			20 09		20	Q3 09 vs
	Q3	Q4	Q i	Q2	Q3	Q3 20 08	Q2 20 09
In st at t co m e em en	£m	£m		£m
t i t i Ne nt er es nc om e	82 1	85 6	79 7	86 8	84 8	3%	(2 ) %
is sio N fe d et co m m ns es an - ba nk in g	36 5	34 5	33 7	32 1	30 3	(1 7% )	(6 % )
in in of O th (n te st et er no n- re co m e in cl aim s) su ra nc e	34	54	53	69	69	10 3%	-
in N -in te st on re co m e	39 9	39 9	39 0	39 0	37 2	(7 % )	(5 ) %
To l in ta co m e	1,2 20	1,2 55	1, 18 7	1,2 58	1,2 20	-	(3 ) %
Di ct re ex pe ns es
ff sta -	(2 43 )	(2 36 )	(2 14 )	(2 14 )	(2 06 )	(1 5% )	(4 % )
he ot r -	(1 09 )	(1 01 )	(1 15 )	(1 02 )	(9 9)	(9 ) %	(3 ) %
In di ct re ex pe ns es	(4 48 )	(5 37 )	(4 87 )	(4 52 )	(4 47 )	-	(1 % )
	(8 00 )	(8 74 )	(8 16 )	(7 68 )	(7 52 )	(6 % )	(2 % )
O tin of it be fo im irm t pe ra g pr re pa en
lo ss es	42 0	38 1	37 1	49 0	46 8	11 %	(4 % )
Im irm t l pa en os se s	(2 87 )	(2 92 )	(3 54 )	(4 70 )	(4 04 )	41 %	(1 4% )
Op in of it at er g pr	13 3	89	17	20	64	(5 2% )	-
A ly si of in by od t: na s co m e pr uc
ad Pe al va nc es rs on	31 0	29 6	30 5	31 1	30 3	(2 % )	(3 ) %
Pe al de sit rs on po s	55 7	47 0	39 7	35 4	31 9	(4 3% )	(1 0% )
M tg or ag es	93	18 6	20 7	27 3	31 9		17 %
B an ca ss ur an ce	34	51	52	69	69	10 3%	-
Ca rd s	20 5	20 8	20 4	21 2	22 5	10 %	6%
O th er	21	44	22	39	5) (1	(1 71 ) %	(1 38 % )
tal To in co m e	1,2 20	1,2 55	1, 18 7	1,2 58	1,2 20	-	(3 % )
A ly si of im irm t b na s pa en y
ct se or :
M tg or ag es	9	9	22	41	26	18 9%	(3 7% )
Pe al rs on	14 4	16 9	19 5	29 9	24 7	72 %	(1 ) 7%
Ca rd s	13 4	11 4	13 7	13 0	13 1	(2 % )	1%
To l i irm ta t m pa en	28 7	29 2	35 4	47 0	40 4	41 %	(1 4% )
ha Lo im irm of % t c rg e an pa en as
lo d st gr os s cu om er an s an
ad by ct va nc es se or :
M tg or ag es	0. 05 %	0. 05 %	0. 12 %	0. 21 %	0. 13 %	8b p	(8 bp )
Pe al rs on	3. 76 %	4. 42 %	5. 20 %	8. 31 %	6. 81 %	5b 30 p	bp (1 49 )
Ca rd s	8. 25 %	7. 24 %	9. 13 %	8. 52 %	8. 59 %	34 bp	7b p
	1.2 3%	1.2 4%	1.5 0%	1.9 4%	1.6 0%	bp 37	4b (3 p)

UK Retail (continued)

	20 08		20 09			Q3 20 09 vs
ri K et ey m cs	Q3	Q4	01	Q2	Q3	Q3 20 08	Q2 20 09
Pe rf tio or m an ce ra s
Re ui (1 ) tu ty rn on eq	9. 4%	6. 5%	1.2 %	1.4 %	4. 6%	(4 80 bp )	32 0b p
N in gi et te st re m ar n	3. 62 %	3. 73 %	3. 46 %	3. 69 %	3. 47 %	(l5 bp )	(2 2b p)
Co :in tio st co m e ra	65 .4 %	63 .8 %	69 .0 %	59 .6 %	57 .4 %	0b 80 p	22 7b p

	20 08			20 09			30 Se 20 09 pt vs
	30 Se pt	31 D ec	31 M ar	Ju 30 ne	30 Se pt	30 Se 20 08 pt	30 Ju 20 09 ne
	£b n	£b n	£b n	£b n	£b n
C ita l d ba la sh t ap an nc e ee
Lo d ad to sto an s an va nc es cu m er s
g ro ss -
tg -m or ag es	71 .5	72 .2	73 .3	76 .6	80 .3	12 %	5%
l -p er so na	15 .3	15 .3	15 .0	14 .4	14 .5	(5 % )	1%
ds c ar -	5 6.	6. 3	6. 0	6. 1	6. 1	(6 % )	-
Cu de sit (e lu di sto m er po s xc ng
ba e) nc as su ra nc	76 .5	78 .9	80 .3	83 .4	85 .6	12 %	3%
AU M clu di de sit s ex ng po s —	4 6.	5. 7	4. 6	4. 7	5. 0	(2 2% )	6%
Ri sk el in len di ts em en ng	3. 4	3. 8	4. 1	4. 5	4. 7	38 %	4%
Lo :d it tio (e lu di an ep os ra xc ng
s) re po	12 1.9 %	11 9. 0%	11 7. 5%	11 4% 6.	11 7. 8%	(4 08 bp )	13 9b p
Ri sk ei gh d te ts -w as se	46 .2	45 .7	49 .6	54 .0	51 .6	12 %	(4 % )

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 7% of divisional risk-weighted assets, adjusted for capital deductions).

UK Corporate

	20 08		20 09			Q3 20 09 vs
	Q3	Q4	Q i	Q2	Q3	Q3 20 08	20 09 Q2
In st at t co m e em en	£m	£m	£m	£m
t i t i Ne nt er es nc om e	61 8	58 8	49 9	56 0	60 7	(2 % )	8%
d Ne t f is sio an ee s co m m ns	22 2	5 21	19 4	21 9	22 3	-	2%
O th in in te st er no n- re co m e	11 4	10 7	11 7	10 9	10 6	(7 % )	(3 % )
-in in N te st on re co m e	33 6	32 2	31 1	32 8	32 9	(2 % )	-
l i To ta nc om e	95 4	91 0	81 0	88 8	93 6	(2 ) %	5%
Di ct re ex pe ns es
ff sta -	(2 06 )	(2 10 )	(1 85 )	(1 82 )	(1 74 )	(1 ) 6%	(4 ) %
he ot r -	(9 6)	(7 3)	(7 4)	(4 6)	(7 1)	(2 6% )	54 %
In di ct re ex pe ns es	(1 29 )	(1 40 )	(1 30 )	(1 25 )	(1 25 )	(3 ) %	-
	(4 31 )	(4 23 )	(3 89 )	(3 53 )	(3 70 )	(1 4% )	5%
O tin of it be fo im irm t pe ra g pr re pa en
lo ss es	52 3	48 7	42 1	53 5	56 6	8%	6%
Im irm t l pa en os se s	(5 5)	(1 69 )	(1 00 )	(4 50 )	(1 87 )	-	(5 8% )
O tin of it pe ra g pr	46 8	31 8	32 1	85	37 9	(1 9% )	-
A ly si of in bu si by na s co m e ne ss :
Co d ci al len di at rp or e an co m m er ng	54 2	52 9	53 8	58 6	61 6	14 %	5%
A in ice d fin et ss vo an an ce	60	53	48	57	59	(2 % )	4%
Co de sit at rp or e po s	34 2	33 8	29 0	26 3	24 1	(3 0% )	(8 % )
O th er	10	(1 0)	(6 6)	(1 8)	20	10 0%	-
To l i ta nc om e	95 4	91 0	81 0	88 8	93 6	(2 % )	5%

A ly si of im irm t b na s pa en y ct se or :
M uf rin tu an ac g	5	6	4	17	7	40 %	(5 9% )
H bu ild in d io tru ct ou se g an co ns n	6	31	6	55	58	-	5%
Pr ty op er	11	6	11	14 9	69	-	(5 4% )
A & in ice fin et ss vo an ce	24	39	21	47	4	(8 3% )	(9 1% )
O th er	9	87	58	18 2	49	-	(7 3% )
To l i irm ta t m pa en	55	16 9	10 0	45 0	18 7	-	(5 8% )
im irm ha Lo % t c an pa en rg e as of lo st gr os s cu om er an s d ad lu di (e an va nc es xc ng ha re ve rs e re pu rc se ) by ts ct ag re em en se or :
M uf rin tu an ac g	0. 41 %	0. 44 %	0. 32 %	1.3 6%	0. 56 %	l5 bp	(8 Ob p)
bu ild in d io H tru ct ou se g an co ns n	0. 41 %	2. 10 %	0. 40 %	4. 40 %	4. 64 %	42 3b p	24 bp
Pr ty op er	0. 15 %	0. 08 %	0. 14 %	1.8 1%	0. 92 %	77 bp	(8 9b p)
A & in ice fin et ss vo an ce	1. 13 %	1.8 4%	0. 93 %	2. 09 %	0. 18 %	(9 5b p)	(l9 lb p)
O th er	0. 06 %	0. 52 %	0. 36 %	1.2 0%	0. 30 %	25 bp	Ob (9 p)
	0. 19 %	0. 58 %	0. 34 %	1.6 0%	0. 66 %	47 bp	(9 4b p)

UK Corporate (continued)

	20 08		20 09			Q3 20 09 vs
	Q3	Q4	Q i	Q2	Q3	Q3 20 08	Q2 20 09
K ri et ey m cs
rf Pe tio or m an ce ra s
ui (1 ) Re tu ty rn eq on	18 .6 %	12 .9 %	12 .7 %	3. 2%	13 .7 %	(4 90 bp )	1,D 5O bp
N in gi et te stm re ar n	2. 40 %	2. 20 %	1.8 8%	2. 17 %	2. 38 %	(2 bp )	2l bp
Co :in tio st co m e ra	45 .2 %	46 .5 %	48 .0 %	39 .8 %	39 .5 %	56 5b p	bp 22

	20 08			20 09		30 Se pt	20 09 vs
	30 Se pt	31 D ec	31 M ar	30 Ju ne	3O Se pt	30 Se 20 08 pt	30 20 09 Ju ne
	£b n	£b n	£b n	£b n	£b n
C ita l a nd ba la sh t ap nc e ee
To tal ts as se	11 7. 8	12 1.0	12 0. 1	11 6. 2	11 7. 3	-	1%
Lo d ad to sto an s an va nc es cu m er s -g ro ss
uf rin tu -m an ac g	4. 9	5. 4	5. 0	5. 0	5. 0	2%	-
- h bu ild in d io tru ct ou se g an co ns n	5. 8	5. 9	6. 0	5. 0	5. 0	(1 4% )	-
rty p ro pe -	30 .0	30 .5	32 .0	33 .0	30 .0	-	(9 ) %
d in ic fin et a ss an vo e an ce -	8. 5	8.5	9. 0	9. 0	9. 0	6%	-
th o er -	64 .8	66 .6	64 .7	60 .6	64 .9	-	7%
Cu de sit sto m er po s	85 .9	82 .0	82 .9	85 .6	86 .7	1%	1%
Ri sk el in len di ts em en ng	1.5	1.3	2. 0	2. 4	2. 5	67 %	4%
Lo :d it tio (e lu di an ep os ra xc ng
s) re po	13 2. 7%	14 2. 7%	14 0. 8%	13 1.6 %	13 1.4 %	(1 25 bp )	(l6 bp )
Ri sk ei gh d te ts -w as se	88 .7	85 .7	86 .2	89 .5	91 .0	3%	2%

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 8% of divisional risk-weighted assets, adjusted for capital deductions).

W lt h ea
	20 08			20 09	Q3 20 09	vs
	Q3	Q4	Q i	Q2	Q3	Q3 20 08	Q2 20 09
In st at t co m e em en	£m	£m	£m	£m
Ne t i t i nt er es nc om e	15 3	16 0	15 8	17 6	16 8	10 %	(5 ) %
N fe d is sio et es an co m m ns	98	96	90	90	92	(6 ) %	2%
O th in in te st er no n- re co m e	19	19	21	21	19	-	(1 0% )
-in N in te st on re co m e	11 7	11 5	11 1	11 1	11 1	(5 % )	-
l i To ta nc om e	27 0	27 5	26 9	28 7	27 9	3%	(3 % )
Di ct re ex pe ns es
ff sta -	(9 4)	(9 7)	(9 0)	(7 8)	(8 2)	(1 3% )	5%
he ot r -	(3 4)	(5 1)	(3 3)	(3 4)	(3 5)	3%	3%
In di ct re ex pe ns es	(3 9)	(5 0)	(4 6)	(4 1)	(4 2)	8%	2%
	(1 67 )	(1 98 )	(1 69 )	(1 53 )	(1 59 )	(5 % )	4%
O tin of it be fo im irm pe ra g pr re pa en	t
lo ss es	10 3	77	10 0	13 4	12 0	17 %	(1 0% )
Im irm t l pa en os se s	(3 )	(8)	(6)	(1 6)	(1 )	(6 7% )	(9 4% )
O tin of it pe ra g pr	10 0	69	94	11 8	11 9	19 %	1%
A si of in
ly na s co m e:
iv nk in Pr Ba at e g	21 1	22 1	21 9	24 2	23 2	10 %	(4 % )
In stm ts ve en	59	54	50	45	47	(2 0% )	4%
To l i ta nc om e	27 0	27 5	26 9	28 7	27 9	3%	(3 ) %
K ri et ey m cs
Pe rf tio or m an ce ra s
N in gi et te st re m ar n	4. 68 %	4. 56 %	4. 47 %	4. 82 %	4. 34 %	(3 4b p)	(4 8b p)
Co :in tio st co m e ra	61 .9 %	72 .0 %	62 .8 %	53 .3 %	57 .0 %	48 6b p	bp (3 68 )
	20 08			20 09		30 Se 20	09 vs
	Se 30 pt	31 D ec	31 M ar	30 Ju ne	30 Se pt	pt 30 Se 20 08 30	Ju 20 09 ne
	£b n	£b n	£b n	£b n	£b n	pt
C ita l d ba la sh t ap an nc e ee
Lo d ad to sto an s an va nc es cu m er os s	s
gr tg m or es	5. 0	5. 3	5. 5	5. 6	6. 1	22 %	9%
ag - l er so na	4. 9	5. 0	4. 6	4. 7	4. 8	(2 ) %	2%
- p th -o er	2. 0	2. 1	2. 2	2. 1	2. 5	25 %	19 %
C de sit	35 .8	34 .1	34 .9
to us m er po s				35 .3	36 .3	1%	3%
A U M 5— ciu di de sit ex ng po s	34 .6	34 .7	31 .3	29 .8	31 .7	(8 ) %	6%
Ri sk el in len di ts em en ng	0. 1	0. 1	0. 1	0. 2	0. 2	10 0%	-
Lo :d it tio (e lu di an ep os ra xc ng
s) re po	33 .3 %	36 .3 %	35 .3 %	35 .2 %	36 .9 %	36 0b p	17 2b p
Ri sk ei gh d te ts -w as se	10 .8	10 .8	10 .6	10 .3	10 .7	(1 % )	4%

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 8% of divisional risk-weighted assets, adjusted for capital deductions).

Global Banking & Markets

	20 08		20 09			Q3 20 09 vs
	03	04	Q i	Q2	Q3	20 08 03	Q2 20 09
In st at t em en co m e	£m	£m	£m	£m
t i t i fro ba nk in Ne nt er es nc om e m g
tiv iti ac es	53 5	1,0 54	81 2	66 0	44 7	(1 6% )	(3 2% )
fe d is sio N et es an co m m ns
iv ab le re ce	5 40	18 7	29 1	40 9	33 8	(1 7% )	(1 7% )
ln e/ (lo ) f di tra co m ss ro m ng
tiv iti ac es	76 0	(2 18 ) ,9	4, 32 9	1,3 38	1, 18 4	56 %	(1 2% )
th in in (n of O at et er op er g co m e
la d fu nd in ) sts te co re g	(2 2)	(1 19 )	(9 3)	(9 7)	(1 10 )	-	13 %
-in in N te st on re co m e	1, 14 3	(2 ,8 50 )	4, 52 7	1,6 50	1,4 12	24 %	(1 4% )
To l i ta nc om e	1,6 78	(1 ,7 96 )	5, 33 9	2, 31 0	1,8 59	11 %	(2 0% )
Di ct re ex pe ns es
ff sta -	(6 18 )	(1 78 )	(1 ,0 01 )	(7 62 )	(7 60 )	23 %	-
he ot r -	(2 84 )	(4 21 )	(3 00 )	(2 31 )	(2 61 )	(8 ) %	13 %
di In ct re ex pe ns es	(1 60 )	(2 02 )	(1 93 )	(2 01 )	(1 91 )	19 %	(5 % )
	(1 ,0 62 )	(8 01 )	(1 ,4 94 )	(1 ,1 94 )	(1 ,2 12 )	14 %	2%
Op in of it/ (Io ) b ef at pr ss or e er g
im irm t l pa en os se s	61 6	(2 ,59 7)	3, 84 5	1, 11 6	64 7	5%	(4 2% )
Im irm t l pa en os se s	(2)	(5 05 )	(2 69 )	31	(2 72 )	-	-
O tin of itf (lo ) pe ra g pr ss	61 4	(3 ,1 02 )	57 3, 6	1, 14 7	37 5	(3 9% )	(6 ) 7%
in by od A si of t: co m e uc
ly pr na s ke R at ts es -m on m ar	38 4	74 8	85 3	46 6	28 7	(2 5% )	8%
ey R -fl at es ow		16	1,2 97	53 6	69 4		(3 ) 29 %
Cu ci rr en es	- 41 7	41 4	55 8	38 4	14 1	- (6 6% )	(6 3% )
Co od iti m m es	47	40 3	22 8	23 9	12 0	15 5%	(5 0% )
ui tie Eq s	21	(2 14 )	37 1	36 4	28 2		(2 3% )
Cr ed it lce ts m ar	(1 05 )	(2 ,34 1)	85 8	69 0	47 5	- -	(3 1% )
rtf ol io nd Po t a m an ag em en
ig in ati or on	26 6	53	52 7	11 3	18 0	(3 2% )	59 %
de bt Fa ir lu of va e ow n	64 8	(8 75 )	64 7	(4 82 )	(3 20 )	(1 49 % )	(3 4% )
To l i ta nc om e	1,6 78	(1 ,7 96 )	5, 33 9	2, 31 0	1,8 59	11 %	(2 0% )


A ly si of im irm t b na s pa en y ct se or :
M uf rin d in fra str tu tu uc re an ac g an	-	39	16	23	33	-	43 %
d io Pr ty tru ct op er an co ns n	-	-	46	4	-	-	-
Tr t an sp or	-	-	-	1	2	-	10 0%
Ba nk d fin ci al in sti tio tu s an ns an	-	19 4	4	39	23 7	-	-
th O er s	2	27 2	20 3	(9 8)	-	-	-
l To im irm ta t pa en	2	50 5	26 9	(3 1)	27 2	-	-
Lo im irm ha D/ t c an pa en rg e as
lo of st cu om er an s gr os s
d ad (e lu di an va nc es xc ng
ha re ve rs e re pu rc se
) ts ag re em en		1. 13 %	0. 68 %	(0 .1 1% )	0. 60 %	6O bp	7l bp

Global Banking & Markets (continued)

	20	08		20 09			Q3 20 09 vs
K ri et ey m cs	Q3	Q4	Q1	Q2	Q3	20 08 Q3	Q2 20 09
Pe rf tio or m an ce ra s
Re ui (1 ) tu ty rn on eq	10 .5 %	(5 4. 1% )	.1 66 %	25 .1 %	7. 7%	(2 80 bp )	0b (1 74 p)
Ne t i gi nt t m er es ar n	1.2 4%	1.9 9%	2. 02 %	1.4 8%	1.0 8%	(l6 bp )	(4 Ob p)
Co :in tio st co m e ra	63 .3 %	(4 4. 6% )	28 .0 %	51 .7 %	65 .2 %	(l9 lb p)	(1 ,3 51 bp )

	20	08		20 09			30 Se 20 09 pt vs
	Se 30 pt £b n	31 D ec £b n	31 M ar £b n	30 Ju ne £b n	30 Se pt £b n	20 08 30 Se pt	30 Ju 20 09 ne
C ita l a nd ba 'a sh t ap nc e ee
(in clu di Lo d ad ng an s an va nc es
ba nk s)	18 8. 6	22 5. 5	20 5 6.	15 6. 0	15 7. 0	(1 7% )	1%
R ev er se re po s	20 6. 5	88 .8	80 .6	75 .2	75 .4	(6 3% )	-
Se rit ie cu s	15 7. 6	12 5 7.	12 4. 3	11 5. 5	11 7. 6	(2 5% )	2%
Ca sh d eli gi bl bil ls an e	35 .3	20 .2	28 .6	51 .5	63 .8	81 %	24 %
O th ts er as se	72 .3	42 .9	43 .1	46 .2	50 .8	(3 0% )	10 %
To l t hi rd rty (e lu di ta ts pa as se xc	ng
de riv iv k ke t) at to es m ar m ar	66 0. 3	50 4. 9	48 3. 1	44 4. 4	46 4. 6	(3 0% )	5%
Ne t d iv ati (a fte tti ts er ve as se r ne	) 73 .0 ng	11 3. 0	98 .0	70 .7	81 .5	12 %	15 %
Cu de sit lu di (e sto m er po s xc ng
s) re po	91 .0	88 .6	81 .8	65 .0	58 .1	(3 ) 6%	(1 1% )
Ri sk el in len di ts em en ng	0. 3	0. 7	0. 8	1.1	1.6	-	49 %
:d it tio Lo (e lu di an ep os ra xc ng
s) re po	15 8.7 %	19 2. 0%	19 4. 4%	18 2. 7%	19 2. 4%	3, 36 8b p	2b 96 p
Ri sk ei gh d te ts -w as se	16 5. 4	16 2. 4	14 8. 6	12 2. 4	13 1.9	(2 0% )	8%

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 10% of divisional risk-weighted assets, adjusted for capital deductions).

Global Transaction Services

	20 08			20 09	20 09 Q3 vs
	Q3	Q4	Q1	Q2	Q3	Q3 20 08	Q2 20 09
In st at t co m e em en	£m		£m	£m
Ne t i t i nt er es nc om e	24 4	24 9	22 0	22 5	23 4	(4 % )	4%
N -in in te st on re co m e	37 5	40 7	38 5	39 8	38 8	3%	(3 % )
l in To ta co m e	61 9	65 6	60 5	62 3	62 2	-	-
Di ct re ex pe ns es
ff sta -	(9 1)	(9 3)	(9 5)	(8 7)	(8 7)	(4 ) %	-
he ot r -	(3 8)	(4 2)	(3 5)	(3 8)	(3 7)	(3 ) %	(3 % )
di In ct re ex pe ns es	15 (2 )	(2 36 )	(2 35 )	(2 29 )	(2 23 )	4%	(3 ) %
	(3 44 )	(3 71 )	(3 65 )	(3 54 )	(3 47 )	1%	(2 % )
O tin of it be fo im irm t pe ra g pr re pa en
lo ss es	27 5	28 5	24 0	26 9	27 5	-	2%
irm t l Im pa en os se s	(7 )	(4 0)	(9 )	(4 )	(2 2)	-	-
O tin of it pe ra g pr	26 8	24 5	23 1	26 5	25 3	(6 % )	(5 % )

A ly si of in by od t: na s co m e pr uc
tic sh D t om es ca m an ag em en	20 3	21 0	20 2	20 4	20 2	-	(1 ) %
In ati al sh te t rn on ca m an ag em en	17 9	20 0	16 9	17 9	18 3	2%	2%
Tr ad fin e an ce	60	70	75	77	71	18 %	(8 ) %
ch ui rin M t a er an cq g	14 7	14 5	12 9	13 1	13 4	(9 ) %	2%
Co ci al rd m m er ca s	30	31	30	32	32	7%	-
To tal in co m e	61 9	65 6	60 5	62 3	62 2	-	-

ri K et ey m cs
Pe rf tio or m an ce ra s
t i gi Ne nt t m er es ar n	8. 54 %	8. 00 %	8. 29 %	9. 23 %	9. 63 %	lO 9b p	4O bp
Co :in tio st co m e ra	55 .6 %	56 .6 %	60 .3 %	56 .8 %	55 .8 %	(2 2b p)	lO 3b p

	20 08		20 09			30 Se 20 09 pt vs
	30 Se pt	31 D ec	31 M ar	30 Ju ne	30 Se pt	30 Se 20 08 pt	30 20 09 Ju ne
	£b n	£b n	£b n	£b n	£b n
ita l sh C d ba la t ap ee an nc e
To tal th ird rty ts pa as se	23 .9	22 .2	21 .1	19 .4	21 .4	(1 0% )	10 %
Lo d ad an s an va nc es	18 .0	14 .8	14 .7	13 .5	14 .5	(1 9% )	7%
C de sit to us m er po s	60 .3	61 .8	58 .3	54 .0	58 .6	(3 % )	9%
Ri sk el in len di ts em en ng	0. 2	0. 1	0. 1	0. 1	0. 2	-	10 0%
Lo :d it tio (e lu di an ep os ra xc ng
s) re po	31 .3 %	25 .1 %	26 .4 %	25 .9 %	25 .6 %	bp (5 78 )	(2 9b p)
Ri sk ei gh d te ts -w as se	19 .4	17 .4	18 .7	16 .7	18 .9	(3 ) %	13 %

Ulster Bank

	20 08			20 09		20 09 Q3 vs
	03	Q4	01	Q2	Q3	Q3 20 08	Q2 20 09
In co m e st at t em en	£m	£m	£m	£m
Ne t i t i nt er es nc om e	20 7	17 4	20 2	20 8	17 6	(1 5% )	(1 5% )
fe d is sio N et es an co m m ns	69	60	46	39	45	(3 5% )	15 %
O th in in te st er no n- re co m e	-	(6 )	11	12	10	-	(1 ) 7%
N -in in te st on re co m e	69	54	57	51	55	(2 0% )	8%
To l i ta nc om e	27 6	22 8	25 9	25 9	23 1	(1 ) 6%	(1 1% )
Di ct re ex pe ns es
ff sta -	(8 4)	(8 7)	(8 9)	(8 1)	(7 9)	(6 ) %	(2 ) %
he ot r -	(2 3)	(2 4)	(2 2)	(2 5)	(2 0)	(1 3% )	(2 0% )
di In ct re ex pe ns es	(7 1)	(8 1)	(7 7)	(7 5)	(7 3)	3%	(3 % )
	(1 78 )	(1 92 )	(1 88 )	(1 81 )	(1 72 )	(3 ) %	(5 ) %
Op in of it be fo im irm at t er g pr re pa en
lo ss es	98	36	71	78	59	(4 0% )	(2 4% )
irm t l Im pa en os se s	(1 7)	(7 1)	(6 7)	(9 0)	(1 44 )	-	60 %
O tin of it/ (Io ) pe ra g pr ss	81	(3 5)	4	(1 2)	5) (8	-	-
A ly si of in by bu si na s co m e ne ss :
U lst at er co rp or e	16 0	13 9	16 2	13 8	13 4	(1 6% )	(3 ) %
lst tai l U er re	10 7	92	93	10 1	10 4	(3 % )	3%
O th er	9	(3 )	4	20	(7 )	(1 78 % )	(1 35 % )
To l in ta co m e	27 6	22 8	25 9	25 9	23 1	(1 ) 6%	(1 1% )
A ly si of im irm t b na s pa en y
ct se or : M tg or es	5	4	14	10	30
ag Co at or e	3	43	40	66	87	-	- 32 %
rp O th er	9	24	13	14	27	- -	93 %
To tal im irm t pa en	17	71	67	90	14 4	-	60 %
Lo im irm ha of t c % an pa en rg e as lo d st gr os s cu om er an s an ad cl ud in va nc es ex g re ve rs e ha by ts re pu rc se ag re em en ct se or : M tg or ag es Co at rp or e	01 3% 0. 06 %	0. 10 % 0. 72 %	0. 32 % 0. 71 %	0. 25 % 1.2 3%	0. 72 % 1.5 9%	59 bp 15 3b p	48 bp 36 bp
th O er	1.6 1%	4. 60 %	2. 58 %	3. 50 %	5. 40 %	37 9b p	l9 Ob p
	0. 18 %	0. 65 %	0. 64 %	0. 92 %	1.4 2%	12 4b p	5O bp

Ulster Bank (continued)

	20	08		20 09			Q3 20 09 vs
ri K et ey m cs	Q3	04	Q i	02	Q3	20 08 Q3	Q2 20 09
rf Pe tio or m an ce ra s
ui Re (1) tu ty rn on eq	17 .3 %	(6 .5% )	0. 7%	(2 .0 % )	(1 2. 7% )	0b (3 00 p)	(1 ,O 7O bp )
Ne t i gi nt t m er es ar n	2. 04 %	1.6 7%	1.8 7%	2. 03 %	1.7 4%	(3 Ob p)	(2 9b p)
:in Co tio st co m e ra	64 .5 %	84 .2 %	72 .6 %	69 .9 %	74 .5 %	(9 97 bp )	(4 58 bp )

	20 08			20 09		30 Se 20 09 pt vs
•	3O Se pt	31 D ec	31 M ar	3O Ju ne	3O Se pt	3O Se 20 08 pt	3O Ju 20 09 ne
	£b n	£b n	£b n	£b n	£b n
C ita l a sh nd ba la t ap nc e ee
Lo d ad to sto an s an va nc es cu m er s
gr os s:
tg -m or ag es	15 .5	18 .1	17 .4	16 .0	16 .7	8%	4%
te -c or po ra	19 .3	23 .8	22 .8	21 .2	21 .9	13 %	3%
th -o er	2. 2	2. 1	2. 0	1.8	2. 0	(9 ) %	11 %
C de sit to us m er po s	21 .5	24 .3	19 .5	18 .9	20 .9	(3 % )	11 %
Ri sk el in len di ts em en ng :
tg -m or ag es	0. 2	0. 3	0. 4	0. 4	0. 5	15 0%	25 %
te -c or po ra	0. 2	0. 8	1.0	1.1	1.3	-	18 %
th -o er	0. 1	0. 1	0. 1	0. 1	0. 2	10 0%	-
lu di Lo :d it tio (e an ep os xc ng ra
s) re po	17 2. 3%	18 1. 1%	21 7. 4%	20 3% 6.	19 4. 0%	2, 16 5b p	bp (1 ,2 37 )
Ri sk ei gh d te ts -w as se	22 .2	24 .5	26 .2	26 .2	28 .5	28 %	9%

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 7% of divisional risk-weighted assets, adjusted for capital deductions).

ai l C ci al U S R d et om m er an	( S rl in te 20 08	g)		20 09		20 09
			01	02		Q3 20 08	vs
In st at t co m e em en	Q3 £m	Q4 £m	£m	£m	Q3	Q3	Q2 20 09
N in in et te st re co m e	44 0	51 2	49 4	44 8	41 0	(7 ) %	(8 % )
N fe d is sio et es an co m m ns	17 1	18 3	19 8	20 9	15 9	(7 % )	(2 4% )
O th in in te st er no n- re co m e	29	84	52	45	65	12 4%	44 %
N -in in te st on re co m e	20 0	26 7	25 0	25 4	22 4	12 %	(1 2% )
l i To ta nc om e	64 0	77 9	74 4	70 2	63 4	(1 % )	(1 0% )
Di ct ex pe ns es re
ff sta -	(1 59 )	(1 75 )	(2 18 )	(1 84 )	(1 74 )	9%	(5 ) %
he ot r -	(9 2)	(1 20 )	(1 43 )	(1 88 )	(1 32 )	43 %	(3 0% )
In di ct re ex pe ns es	(1 53 )	(1 72 )	(2 01 )	(1 94 )	(1 91 )	25 %	(2 % )
	(4 04 )	(4 67 )	(5 62 )	(5 66 )	(4 97 )	23 %	(1 2% )
O tin of it be fo im irm t pe ra g pr re pa en
lo ss es	23 6	31 2	18 2	13 6	13 7	(4 2% )	1%
irm t l Im pa en os se s	(1 34 )	(1 77 )	(2 23 )	(1 46 )	(1 80 )	34 %	23 %
tin of itl (lo O ) pe ra g pr ss	10 2	13 5	(4 1)	(1 0)	(4 3)	(1 42 % )	-

A ch S\$ U / te ve ra ge ex an ge ra -	1.8 92	1.5 70	1.4 36	1.5 51	1.6 40

ly si of in by od A t: na s co m e pr uc
M dh ity tg or ag es an om ee qu	88	11 2	14 2	13 0	11 2	27 %	(1 4% )
Pe al len di d rd rs on ng an ca s	86	90	10 7	11 3	11 6	35 %	3%
Re tai l d its ep os	25 6	27 9	23 1	20 2	20 0	(2 2% )	(1 ) %
Co ci al len di m m er ng	98	12 8	14 1	14 0	12 7	30 %	(9 % )
Co ci al de sit m m er po s	97	11 1	10 4	89	97	-	9%
O th er	15	59	19	28	(1 8)	-	(1 64 ) %
To l i ta nc om e	64 0	77 9	74 4	70 2	63 4	(1 % )	(1 0% )

A ly si of im irm t b na s pa en y ct se or :
sid tia l m Re tg en or ag es	16	13	23	12	29	81 %	14 2%
H ui ty om e eq	20	22	29	43	82		91 %
Co & ci al at or e co m m er	54	87	10 8	61	65	- 20 %	7%
rp O th er	44	55	63	30	4	(9 1% )	(8 ) 7%
To l im irm ta t pa en	13 4	17 7	22 3	14 6	18 0	34 %	23 %
im irm Lo ha of t c % an pa en rg e as lo d st gr os s cu om er an s an ad (e lu di va nc es xc ng re ve rs e ha ) by ts re pu rc se ag re em en ct se or :
sid tia l m Re tg en or ag es	0. 74 %	0. 55 %	1.0 0%	0. 66 %	1.6 8%	bp 95	lO 2b p
ui H ty om e eq	0. 53 %	0. 47 %	0. 62 %	1.0 8%	2. 05 %	15 2b p	97 bp
Co & ci al at rp or e co m m er	1. 11 %	1.4 6%	1.7 9%	1. 19 %	1.2 7%	l6 bp	8b p
O th er	2. 17 %	2. 24 %	2. 57 %	1.4 5%	0. 20 %	(1 97 bp )	(1 24 bp )
	1.0 4%	1. 15 %	1.4 4%	1. 12 %	1.4 1%	37 bp	29 bp

US Retail and Commercial ( Sterling) (continued)

K ri et ey m cs	20 08			20 09	Q3 20 09 vs
	03	Q4	Q i	Q2	Q3	20 08 Q3	Q2 20 09
rf tio Pe or m an ce ra s
Re ui (1 ) tu ty rn on eq	7. 4%	7. 9%	(2 .4% )	(0 .7 ) %	(2 .5 % )	(9 90 bp )	(l8 Ob p)
N in gi et te st re m ar n	2. 79 %	2. 59 %	2. 33 %	2. 30 %	2. 34 %	(4 5b p)	4b p
Co :in tio st co m e ra	63 .1 %	60 .0 %	75 .4 %	80 .6 %	78 .4 %	bp (1 ,5 26 )	22 4b p

	20 08			20 09	30 Se 20 09 pt vs
	3O Se pt £b n	31 D ec £b n	31 M ar £b n	3O Ju ne £b n	3O Se pt £b n	3O Se 20 08 pt	3O Ju 20 09 ne
C ita l d ba la sh t ap an nc e ee
To l a ta et ss s	77 .9	87 .5	94 .9	75 .6	76 .9	(1 % )	2%
d ad Lo to sto an s an va nc es cu m er s (g ): ro ss
id tia l m tg r es en or ag es -	8.7	9. 5	9. 2	7. 3	9 6.	(2 1% )	(5 ) %
h ui ty om e eq -	15 .2	18 .7	18 .8	15 .9	16 .0	5%	1%
d ci al te c or po ra an co m m er -	19 .4	23 .7	24 .2	20 .5	20 .5	6%	-
th o er co ns um er -	8. 0	9. 8	9. 8	8. 3	8 7.	(2 % )	(6 % )
Cu de sit sto m er po s	55 .6	64 .4	.9 67	60 .2	62 .1	12 %	3%
Ri sk el in len di ts em en ng
tai l re -	0. 2	0. 2	0. 3	0. 3	0. 3	50 %	-
ci al co m m er -	-	0. 2	0. 1	0. 1	0. 2	-	10 0%
:d it tio Lo (e lu di an ep os ra xc ng
s) re po	92 .8 %	96 .6 %	91 .5 %	86 .7 %	82 .6 %	(1 ,O l6 bp )	(4 lO bp )
Ri sk ei gh d te ts -w as se	51 .4	63 .9	64 .3	55 .6	62 .8	22 %	13 %
Sp ch S\$ ot te - U / ex an ge ra	1.7 83	1.4 60	1.4 33	1.6 44	1.5 99

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 7% of divisional risk-weighted assets, adjusted for capital deductions).

S R ai l d C ci al U et an om m er	(U S D ol la r)	(c tin on ue	d )
	20 08			20 09		Q3 20 09	vs
In st at t co m e	Q3 Sm	Q4 \$m	Q i \$m	Q2 \$m	Q3 \$m	Q3 20 08	Q2 20 09
em en
Ne t i t i nt er es nc om e	83 4	83 7	71 1	69 6	68 0	(1 8% )	(2 % )
N fe d is sio et es an co m m ns	32 5	29 4	28 4	32 4	26 6	(1 8% )	(1 8% )
O th in in te st er no n- re co m e	52	14 2	75	69	10 4	10 0%	51 %
N -in in te st on re co m e	37 7	43 6	35 9	39 3	37 0	(2 % )	(6 % )
To l i ta nc om e	1,2 11	1,2 73	1,0 70	1,0 89	1,0 50	(1 3% )	(4 ) %
Di ct re ex pe ns es
ff sta -	(3 02 )	(2 78 )	(3 13 )	(2 87 )	(2 89 )	(4 % )	1%
he ot r -	(1 72 )	(2 01 )	(2 06 )	(2 89 )	(2 19 )	27 %	(2 4% )
In di ct re ex pe ns es	(2 92 )	(2 77 )	(2 88 )	(3 01 )	(3 13 )	7%	4%
	(7 66 )	(7 56 )	(8 07 )	(8 77 )	(8 21 )	7%	(6 % )
Op in of it be fo im irm at t er g pr re pa en
lo ss es	44 5	51 7	26 3	21 2	22 9	(4 9% )	8%
irm Im t l pa en os se s	(2 58 )	(3 04 )	(3 20 )	(2 31 )	(2 96 )	15 %	28 %
O tin of itf (lo ) pe ra g pr ss	18 7	21 3	(5 7)	(1 9)	(6 7)	(1 36 ) %	-

A ly si of in by od t: na s co m e pr uc
d ho ui M tg ty or ag es an m e eq	16 6	18 3	20 4	20 3	18 6	12 %	(8 % )
Pe al len di d rd rs on ng an ca s	16 4	14 3	15 4	17 4	19 0	16 %	9%
Re tai l d its ep os	48 3	45 1	33 2	31 5	32 9	(3 2% )	4%
Co ci al len di m m er ng	18 6	21 1	20 2	21 7	21 0	13 %	(3 ) %
Co ci al de sit m m er po s	18 5	17 9	15 0	13 8	16 0	(1 4% )	16 %
O th er	27	10 6	28	42	(2 5)	(1 93 % )	(1 60 % )
To l i ta nc om e	1,2 11	1,2 73	1,0 70	1,0 89	1,0 50	(1 3% )	(4 ) %

A ly si of im irm t b na s pa en y
ct se or :
Re sid tia l m tg en or ag es	30	22	33	19	47	55 %	14 5%
H ui ty om e eq	37	38	42	65	13 1	-	10 2%
Co ci al & at rp or e co m m er	10 6	15 1	15 4	99	10 7	1%	9%
O th er	85	93	91	48	11	(8 ) 7%	(7 8% )
To tal im irm t pa en	25 8	30 4	32 0	23 1	29 6	15 %	28 %

Lo im irm ha of % t c an pa en rg e as
lo d st gr os s cu om er an s an
ad (e lu di va nc es xc ng re ve rs e
ha ) by ts re pu rc se ag re em en
ct se or : sid tia
l m Re tg en or ag es	0. 77 %	0. 63 %	1.0 0%	0. 63 %	1.6 9%	92 bp	lO 6b p
H ity om ee qu	0. 55 %	0. 56 %	0. 62 %	1.0 0%	2. 05 %	lS Ob p	lO 5b p
Co & ci al at rp or e co m m er	1.2 3%	1.7 4%	1.7 8%	1. 18 %	1.3 1%	9b p	l4 bp
O th er	2. 36 %	2. 60 %	2. 58 %	1.4 1%	0. 34 %	(2 02 bp )	(lO 7b p)
	1. 13 %	1.3 5%	1.4 4%	1.0 8%	1.4 5%	32 bp	bp 37

US Retail and Commercial (US Dollar) (continued)

K ri et ey m cs	20 08		20 09			Q3 20 09 vs
	Q3	Q4	Q1	Q2	Q3	Q3 20 08	Q2 20 09
rf tio Pe or m an ce ra s
ui Re (1 ) tu ty rn on eq	7. 6%	8. 5%	(2 .3 % )	(0 .8 % )	(2 .5 % )	(1 ,O lO bp )	(l7 Ob p)
Ne t i gi nt t m er es ar n	2. 80 %	2. 70 %	2. 33 %	2. 32 %	2. 37 %	(4 3b p)	5b p
Co :in tio st co m e ra	63 .2 %	59 .4 %	75 .4 %	80 .5 %	78 .2 %	(1 ,4 bp ) 97	23 1b p

	20	08		20 09			Se 20 09 30 pt vs
	Se 30 pt	31 D ec	31 M ar	30 Ju ne	30 Se pt	30 Se 20 08 pt	30 Ju 20 09 ne
	\$b n	\$b n	\$b n	\$b n	\$b n
C ita l d ba la sh t ap an nc e ee
l a To ta et ss s	13 8. 9	12 7. 8	13 6. 0	12 4. 4	12 2. 9	(1 2% )	(1 ) %
Lo d ad to sto an s an va nc es cu m er (g ): ro ss	s
id tia l m tg r es en or ag es -	15 .5	13 .9	13 .2	12 .0	11 .0	(2 9% )	(8 % )
h ui ty om e eq -	27 .0	27 .2	26 .9	26 .1	25 .6	(5 ) %	(2 % )
d ci al te c or po ra an co m m er -	34 .6	34 .7	34 .7	33 .6	32 .7	(5 % )	(3 % )
th -o er co ns um er	14 .5	14 .3	14 .1	13 .7	12 .5	(1 4% )	(9 % )
Cu de sit sto m er po s	99 .2	94 .0	97 .4	.0 99	99 .3	-	-
Ri sk el in len di ts em en ng
tai l re -	0. 3	0. 3	0. 4	0. 4	5 0.	67 %	25 %
ci al co m m er -	0. 1	0. 2	0. 2	0. 3	0. 3	-	-
Lo :d it tio lu di (e an ep os ra xc ng
s) re po	92 .8 %	96 .6 %	.5 91 %	86 .7 %	82 .6 %	(1 ,O l6 bp )	(4 lO bp )

Ri sk ei gh d te ts -w as se	91 .7	93 .2	92 .1	91 .3	10 0. 4	9%	10 %

Note:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 7% of divisional risk-weighted assets, adjusted for capital deductions).

R B S In su ra n ce
	20 08		20 09			Q3 20 09	vs
	Q3	Q4	Q1	Q2	Q3	Q3 20 08	02 20 09
In st at t co m e em en	Em	Em	Em	Em
Ea ed iu rn pr em m s	11 28	1,1 21	1, 10 6	1, 11 9	1, 14 5	2%	2%
Re in ' sh su re rs ar e	(5 1)	(4 8)	(4 5)	(4 0)	(4 3)	(1 ) 6%	8%
In iu in su ra nc e pr em m co m e	1,0 77	1,0 73	1,0 61	1,0 79	1, 10 2	2%	2%
Ne t f d is sio ee s an co m m ns	(1 02 )	(9 3)	(9 2)	(9 5)	(9 5)	(7 ) %	-
O th in er co m e	10 7	14 6	10 8	10 4	11 2	5%	8%
l i To ta nc om e	1,0 82	1, 12 6	1,0 77	1,0 88	1, 11 9	3%	3%
Di ct re ex pe ns es
ff sta	(6 4)	(7 7)	(7 0)	(6 9)	(6 7)	5%	(3 % )
- he
ot r - di	(4 4)	(5 4)	(6 7)	(5 4)	(4 7)	7%	(1 3% )
In ct re ex pe ns es	(6 5)	(7 2)	(6 6)	(6 5)	(6 4)	(2 % )	(2 ) %
	(1 73 )	(2 03 )	(2 03 )	(1 88 )	(1 78 )	3%	(5 ) %
G cl aim ro ss s	(7 77 )	(7 88 )	(7 98 )	(7 76 )	(9 41 )	21 %	21 %
in sh Re ' su re rs ar e	18	41	5	18	13	(2 8% )	(2 8% )
Ne la im t c s	(7 59 )	(7 47 )	(7 93 )	58 (7 )	(9 28 )	22 %	22 %
be fo im irm Op in of it at t re pa en er g pr
lo ss es	15 0	17 6	81	14 2	13	(9 1% )	(9 1% )
t l Im irm os se s pa en	-	(4 2)	(5 )	(1 )	(2 )	-	10 0%
Op in of it at er g pr	15 0	13 4	76	14 1	11	(9 3% )	(9 2% )

A ly si of in by od t: na s co m e pr uc
M br ds ot or ow n- an	49 2	49 1	47 7	49 5	51 7	5%	4%
ho ld d Li fe br ds H ou se an ow n- an	20 0	20 6	20 4	21 0	21 4	7%	2%
M sh ip d br ok rtn ot pa er s an or er Li fe, sh ip H ho ld d rtn pa er s ou se an	16 7	16 6	14 5	14 5	14 1	(1 ) 6%	(3 % )
d br ok an er	88	85	83	81	78	(1 1% )	(4 % )
O th (In ati al ci al te er rn on , c om m er
d l) nt an ce ra	13 5	17 8	16 8	15 7	16 9	25 %	8%
tal in To co m e	1,0 82	1, 12 6	1,0 77	1,0 88	1, 11 9	3%	3%

In -fo lic ie (th nd s) rc e po s ou sa
O br d ot w n- an m or -	4, 43 4	4, 49 2	4, 60 1	4, 78 9	4, 89 4	10 %	2%
-O br d (h ot om e, w n- an no n- m or
, H R2 4) et re sc ue , p	5, 46 8	5, 56 0	5, 64 3	5, 89 0	6, 15 0	12 %	4%
-P sh ip br ok (m & tn ot ar er s er or ,
24 ) ho HR t, m e, re sc ue pe ,	6, 05 2	5, 89 8	5, 75 0	5, 60 9	5, 37 1	(1 1% )	(4 % )
O th (in ati al ci al te er rn on , c om m er -
d l) nt an ce ra	1, 12 2	1,2 06	1,2 11	1,2 10	1,2 12	8%	-
G al in l to ta en er su ra nc e re se rv es —
(E m)	6, 66 1	2 6, 67	63 0 6,	6, 60 1	83 9 6,	3%	4%

RBS Insurance (continued)

	20 08			20 09	Q3 20 09 vs
	03	Q4	Q i	Q2	Q3	03 20 08	02 20 09
Ke bu si ri et y ne ss m cs
Re ui (1) tu ty rn on eq	18 .8 %	16 .8 %	9. 5%	17 .7 %	1.2 %	(1 60 bp ) ,7	bp (1 ,6 50 )
:in tio st co co m e ra	16 .0 %	18 .0 %	18 .9 %	17 .3 %	15 .9 %	8b p	13 7b p
A dj d :in tio (2 ) te st us co co m e ra	53 .6 %	53 .6 %	71 .5 %	57 .0 %	93 .2 %	0b 3, 96 p	3, 62 0b p
itt G iu s( ) wr en ro ss pr em m m	1, 15 9	1,0 02	1, 12 3	1, 14 7	1, 18 6	2%	3%

Notes:

(1) Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on regulatory capital).

(2) Adjusted cost:income ratio is based on total income and operating expenses after netting insurance claims against total income.

C en	al tr	it em s

			20 09	20 09 Q3 vs
	03	Q4	Q i	Q2	Q3	Q3 20 08	Q2 20 09
	Sm	Sm	Sm	£m
ir lu of Fa de bt va e ow n	63 3	14	38 4	(4 78 )	(1 63 )	(1 26 % )	66 %
O th er	17 3	(5 01 )	10 5	16 6	28 3	64 %	70 %
Ce l i llo d nt te t a te ra m s no ca	80 6	(4 87 )	48 9	(3 12 )	12 0	(8 5% )	13 8%

		and the property of the state of the state of the state of the state of the state of the state of the state of
	the property of the contract of the contract of the contract of the contract of the contract of the contract of and a comment when the first state of the first state of the state of the state of the state of the state of the	그 사람들은 그 사람들은 그 사람들을 만들고 있다. 그 사람들은 그 사람들은 그 사람들을 만들고 있다.
		the computations and state CONTRACTOR CONTRACTOR
		and the state of the state of the state of the state of the state of the state of the state of the state of the .
	and the state of the state of the state of the state of the state of the state of the state of the state of the
m. чu,		and the same state and state and state and state and state and state and state and state and state and state and and the control of the control of the control of the control of the control of the control of the control of the
		이번 2008년 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월 20일 1월
		ang pag-agama ng pag-agama na mga pag-agama ng pag-agama ng pag-agama ng pag-agama ng pag-agama ng pag-agama n

Non-Core

	20 08			20 09	Q3 20 09 vs
	03	04	01	02	Q3	Q3 20 08	Q2 20 09
In st at t co m e em en	£m	£m	£m	£m
Ne t i t i fro ba nk in
nt er es nc om e m g tiv iti	47 9	76 5	39 5	4	28 7
ac es				27		(4 0% )	5%
N fe is sio d et es an co m m ns
iv ab le re ce	26 0	16 6	17 8	82	13 2	(4 9% )	61 %
ln e/ (lo ) f di tra co m ss ro m ng
tiv iti ac es	68	(3 ,3 20 )	65 (2 ,8 )	(1 ,39 0)	(7 35 )	-	(4 7% )
O th in in (n of at et er co m e op er g
la d fu nd in ) te sts re g co	(3)	(1 94 )	25	(5 6)	83	-	-
iu In in t p su ra nc e re m m ne co m e	25 2	24 9	24 4	19 6	17 3	(3 1% )	(1 2% )
-in N in te st on re co m e	57 7	(3 ,0 99 )	(2 ,4 18 )	(1 ,1 68 )	(3 47 )	(1 60 % )	(7 0% )
To l in ta co m e	1,0 56	(2 ,3 34 )	(2 ,0 23 )	(8 94 )	(6 0)	(1 06 ) %	(9 3% )
Di ct re ex ns es
pe ff ta -s	(1 41 )	(1 10 )	(1 88 )		11
th -o er	(2 57 )	(3 21 )	(2 30 )	(7 1) 20	(1 ) 23	(2 1% ) 3%	56 % 1%
In di ct re ex ns es	(1 31 )	(1 52 )	(1 42 )	(2 ) (1 37 )	(2 ) (1 32 )	(1 ) 1%	%
pe							(4 )
	(5 29 )	(5 83 )	(5 60 )	(4 28 )	(4 66 )	(1 2% )	9%
in be fo Op of it/ (Io ) he at ot er g pr ss re r
in ch d at op er g ar ge s an
t l im irm pa en os se s	52 7	(2 ,9 17 )	,5 (2 83 )	(1 ,32 2)	(5 26 )	-	(6 0% )
In la im t c su ra nc e ne s	(1 70 )	(1 92 )	(1 77 )	(1 37 )	(1 26 )	(2 6% )	(8 ) %
Im irm t l pa en os se s	(7 68 )	(3 ,3 58 )	(1 ,8 28 )	(3 ,5 16 )	(2 ,0 66 )	16 9%	(4 1% )
O tin lo pe ra g ss	(4 11 )	(6 .4 67 )	(4 ,5 88 )	(4 5) .97	(2 ,7 18 )	-	(4 5% )
ri K et ey m cs
Pe rf tio or m an ce ra s
Co :in tio st co m e ra	50 1%	(2 5. 0% )	(2 7. 7% )	(4 ) 7. 9%	(7 76 .7 ) %	-	-
N in gi et te st re m ar n	0. 38 %	1.3 6%	0. 61 %	0. 45 %	0. 55 %	l7 bp	lO bp

	20 08			20 09		30 Se 20 pt	09 vs
	30 Se pt	31 D ec	31 M ar	30 Ju ne	30 Se pt	30 Se 30 20 08 pt	Ju 20 09 ne
	£b n	£b n	£b n	£b n	£b n
ita l C d ba la sh t ap an nc e ee
To l t hi rd (in clu di ta rty ts ng pa as se

Ri sk ei gh d te ts -w as se	13 0. 7	16 0. 3	16 3. 7	16 4. 1	19 0. 3	46 %	16 %
:d it tio Lo an ep os ra	69 1 .2%	71 8. 1%	84 4. 6%	1,2 82 .2 %	1,0 78 .5 %	56 %	(1 ) 6%
Ri sk len di el in ts ng em en	4. 8	11 .2	14 .7	20 .5	23 .3	-	14 %
C de sit to us m er po s	24 .7	26 .6	21 .9	13 .4	14 .7	(4 0% )	10 %
(g ): ro ss	17 2. 1	19 0. 6	18 3. 1	16 3. 6	15 8. 7	(8 ) %	(3 % )
d Lo ad to sto an s an va nc es cu m er s
de riv iv ) at es	29 3. 8	32 5. 1	29 7. 1	23 1.9	22 0. 2	(2 5% )	(5 % )
l t hi rd (in clu di To ta rty ts pa as se ng

Non-Core (continued)

	20 08		20 09			Q3 20 09 vs
	Q3	Q4	Q1	Q2	Q3	Q3 20 08	Q2 20 09
	£m	£m	£m	£m
A ly si of in na s co m e:
Ba nk in & Po rtf ol io g	73 9	9 66	90	(7 72 )	(9 2)	(1 12 % )	(8 8% )
Re tai l, ci al & Co tri co m m er un es	77 3	68 9	66 2	57 0	53 7	(3 1% )	(6 ) %
Tr ad in g	(4 56 )	(3 92 ) ,6	(2 5) ,77	(6 92 )	(5 05 )	11 %	(2 7% )
To l i ta nc om e	1,0 56	(2 ,3 34 )	(2 ,0 23 )	(8 94 )	(6 0)	(1 06 % )	(9 3% )

irm t l Im pa en os se s:
nk in rtf ol io Ba & Po g	25 2	1,0 04	82 3	1,6 19	87 8	-	(4 ) 6%
Re tai l, ci al & tri co m m er co un es	36 0	94 5	72 0	1,6 38	1,2 34	-	(2 5% )
ad in Tr g	15 6	1,4 09	5 28	25 9	(4 6)	(1 29 ) %	(1 18 % )
To l i irm ta t m pa en	76 8	3, 35 8	1,8 28	3, 51 6	2, 06 6	16 9%	(4 1% )

Lo im irm ha of % t c an pa en rg e as lo d st gr os s cu om er an s an ad va nc es :
Ba nk in & Po rtf ol io g	(0 .3 3% )	98 6. %	3. 37 %	16 7. %	4. 04 %	43 7b p	(3 12 bp )
tai l, Co ci al & Co tri Re m m er un es	1.9 5%	4. 70 %	3. 66 %	9. 44 %	7. 22 %	52 7b p	(2 22 bp )
Tr ad in g	7. 52 %	12 .9 1%	(1 24 .5 8% )	42 .0 9%	31 3% .7	2, 42 1b p	(1 ,0 36 bp )
	1.0 3%	12 6. %	2. 82 %	8. 39 %	5. 53 %	45 0b p	(2 86 bp )
	£b n	£b n	£b n	£b n	£b n
G lo d st ro ss cu om er an s an
ad (1 ): va nc es
Ba nk in & Po rtf ol io g	91 .1	10 6. 7	10 3. 5	93 .1	88 .4	(3 % )	(5 % )
Re tai l, Co ci al & Co tri m m er un es	73 .5	79 .9	78 .7	69 .4	68 .4	(7 % )	(1 ) %
Tr ad in g	7. 5	4. 0	0. 9	1.1	1.9	(7 5% )	73 %
	17 2. 1	19 0. 6	18 3. 1	16 3. 6	15 8. 7	(8 % )	(3 ) %
No te :
(1) In clu di di al ng sp os gr ou ps
R is k- ei gh d ts te as se : w
nk in & rtf ol io Ba Po g	42 .9	46 .4	71 .6	61 .8	73 .1	70 %	18 %
Re tai l, Co ci al & Co tri m m er un es	53 .8	49 .9	51 .1	48 .3	45 .9	5% (1 )	(5 ) %
Tr ad in g	34 .0	64 .0	41 .0	54 .0	71 .3	11 0%	32 %
	13 0. 7	16 0. 3	16 3. 7	16 4. 1	19 0. 3	46 %	16 %

		the company's company's company's

							and the company of the company's
$\mathcal{L}_{\text{max}}$	TAN DE CONTRACT	é.,	÷.	START	a.	COL
							the continued of
÷	a ka	÷ $-11$	n Pin ÷. COLL	B e i	H.	$\sim$	CONTRACTOR and a series of the Contract Contract
$\sim$				START OF	$-11.1$	STATE	Contract Contract
							CONTRACTOR
$\frac{1}{\sqrt{2}}$		TIME $\sim$ PY.	n e P THE R	ALC	× 98	- 2 TILLE	$\label{eq:3.1} \begin{array}{lllllllllllllllll} \mathbf{p}_1 & \mathbf{p}_2 & \mathbf{p}_3 & \mathbf{p}_4 & \mathbf{p}_5 \ \mathbf{p}_2 & \mathbf{p}_3 & \mathbf{p}_4 & \mathbf{p}_5 & \mathbf{p}_6 & \mathbf{p}_7 \ \mathbf{p}_4 & \mathbf{p}_5 & \mathbf{p}_6 & \mathbf{p}_7 & \mathbf{p}_8 & \mathbf{p}_8 \ \mathbf{p}_5 & \mathbf{p}_7 & \mathbf{p}_8 & \mathbf{p}_8 & \mathbf{p}_9 & \mathbf{p}_9 & \mathbf{p}_9 & \mathbf{$ The Search State Control of the Search CONTRACTOR
$\mathcal{A}$	h e	TRE	a sa n	Telephone	and the	W.
							Real Properties and the second control the control of the
		n e e	the company of the company CONTRACTOR		Contract Contract	.	the company of the company of ______
$\mathbb{R}^{n\times n}$	CONTRACTOR COLLEGE		. and the state of the state		Contract Contract Contract Contract		Contract Contract
		COLL	the control of the control of		the contract of the contract of
							the company's company's company's Contractor
	and the con-	a Por 49	$\mathcal{D}(\mathcal{C})$				and the second second ____
		ч.			Territori		Contract Contract
	$\sim 10^{-1}$	COLL		$\sim$ 100 $\pm$
							ALCOHOL:
	the contract of the contract of the contract of the contract of the contract of						State of the Second State Controlled Management

Appendix 3 Asset Protection Scheme

THE ASSET POOLS TO BE COVERED BY THE ASSET PROTECTION SCHEME WERE ONLY AGREED VERY RECENTLY. THE DATA FOR 30 SEPTEMBER 2009 ARE ESTIMATES AND ACTUAL NUMBERS WILL BE PROVIDED IN THE CIRCULAR TO SHAREHOLDERS.

		Pa ge
1.	Su of A PS vi si m m ar y re on s	2
2.	A et ss co ve ra ge
	ll of d 2. 1 Ro fo d 30 Ju 20 09 ts to rw ar co ve re ne as se	3
	2. 2 C ed 30 20 09 Ju d 31 D be 20 08 ts at ov er as se ne an ec em r	4
	2. 3 C di im irm d rit do t ts re pa en an w e ns w	6
	el 2. 4 R isk in le nd in d ia l ob le lo ts te nt em en g an po pr m an s	6
	lit 2. 5 C di t q re ua y	7
	2. 6 R is k- ei gh d te ts w as se	7
3.	is B of le io t ct as se n as se	8
4.	Pr fo pi l tio ta o rm a ca ra s	9

1. Summary of APS revisions

	O ri gi l A PS na	is ed R A PS ev
C ita l in je io ct ap n	£1 5 bi lli 9. on	£2 5. 5 bi lli on
C tin pi l nt ta on ge ca re se rv e	bi lli £6 .0 on	£8 .0 bi lli on ,
		(fe of 4% ) e p. a.
D ai ls In et on su ra nc e co ve r:
C ed 31 D be 20 08 ts at ov er ec em r as se	£3 25 bi lli on	£2 82 bi lli on
A lie f 30 20 09 RW Ju at re ne	£1 49 bi lli .6 on	£1 40 .7 bi lli on

Fi t l rs os s	£4 2. 2 bi lli on	£6 0. 0 bi lli on
is io rd ed 31 D be 20 08 at pr ov ns re co ec em r -	£2 2. bi lli 7 on	£2 1. 3 bi lli on
ai ni r em ng -	£1 5 bi lli 9. on	£3 8. 7 bi lli on

Fe es :
ba se -	£6 .5 bi lli on	£7 00 ill io m n p. a.
		(2 00 9 20 11 ), to
		£5 00 ill io th ft m n er ea er

de fe ed ('D TA ') gi in ta ts rr as se ve up x -	£5 .2 bi lli hi ric al sto on	Ni l
	pl D TA fu tu ta us on re x
	lo ss es

in io ri gh Te at ts rm n	Li ite d m	At tim id ed an y e pr ov
		FS A st te st re ss
		fr k is et am ew or m

Ex it fe es	N ia bl ot eg e	£2 .5 bi lli le on ss
		ul iv fe id at cu m e es pa

FS A st te st re ss	M FS A fr k ts ee am ew or	M FS A fr k ts ee am ew or

Key messages:

RBS continues to meet the FSA stress test framework
RBS is exposed to higher credit losses and less capital relief under revised APS
However, RBS will have more capital to serve as offsets through:
(a) lower fees and retention of deferred tax assets
(b) issuance of additional B shares
(c) access to contingent capital
• Original APS structure provided higher equivalent capital benefits relative to 8% CT1 target than revised APS because of the way the securitisation formula works. Lower deductible policy resulted in lower capital charges through the period as the first loss is fully utilised.

2. Asset coverage

2.1 RoIl forward of covered assets to 30 June 2009

		£b n
d Co ve re A et ss po	be d 31 D r 2 00 8 26 Fe br 20 09 ts at as se ec em an no un ce as on ua ry — ol fin ts re em en	32 5. 0 (9 .2)

Co d ve re	31 D be r 2 00 8— bl ish ed 7 A t 2 00 9 ts at as se ec em as pu on ug us	31 5. 8
Re fin em	d cl io ts en an ex us ns
o	l r ef in t p ts as se oo em en	(1 .1)
o	ed it de riv ati od ni t c cr ve pr uc om pa es	(7 .2)
o	de riv iv bu ffe at es r	(4 .8)
o	nd ui ts co	(6 .3)
o	ha ts re ve rs e re pu rc se ag re em en	(5 .2)
o	ia lly eli gi bl fo th ig he ts te nt as se po e r o er so ve re n sc m es	(6 .9)
o	he al ot et r a ss re m ov s	(2 .8)
Co d ve re	31 D be r 2 00 8 d 3 be r 2 00 N 9 ts at as se ec em as an no un ce on ov em —	28 1.5
isp al D os	llo d ts s, ro ve rs an re pa ym en	(1 2. 9)
Ef fe of ct	fo ig ts re n cu rr en cy m ov em en	(1 4. 8)
A tis at m or	io d he ot ts ns an r m ov em en	(1 1.0 )
Co d ve re	30 20 09 Ju ts at as se ne	24 2. 8

Removals are ^a function of ineligibility in line with the Scheme rules, operational complexity, eligibility for other sovereign schemes and more economic forms of covering risk.

2. Asset coverage (continued)

22 Covered assets* at 30 June 2009 and 31 December 2008

The tables below show balances by asset classes, as defined by the Scheme, with underlying product categories, at 30 June 2009 and 31 December 2008.

		Pr isi d ov on s an		dr Un aw n
	in Ca rry g	ad ju stm ts to en		itm d ts co m m en an ,	d Co ve re
	lu (1) va e	alu pa r v e	alu Pa r v e	he dj (2 ) ot tm ts r a us en	nt am ou
	£m	£m	£m	£m
30 20 09 Ju ne	(a)	(b )	(c )= (a )+ (b )	(d)	(e )( c) +( d)
Re sid tia l m tg en or ag es	15 ,0 52	20 4	15 ,2 56	10	15 ,2 66
Co fin ns um er an ce	17 ,9 44	2, 40 5	20 ,3 49	2, 36 1	22 ,7 10
Pe al lo rs on an s	8, 20 3	1,8 64	10 ,0 67	1,3 95	11 ,4 6
B in d ci al lo us es s an co m m er an s	9, 74 1	54 1	10 ,2 82	96 6	11 ,24
Co ci al al fin ta te m m er re es an ce	33 ,24 1	1, 17 9	34 ,4 20	4, 72 7	39 ,1 47
d fin Le ve ra ge an ce	14 ,54 9	3, 82 0	18 ,3 69	5, 20 1	23 ,5 70
Le fin as e an ce	4, 94 5	33 1	5, 27 6	61 4	5, 89 0
oj t f in Pr ec an ce	1,5 35	24	1,5 59	31 2	1,8 71
St ed fin ct ru ur an ce	16 ,7 82	7, 52 3	24 ,3 05	4, 39 7	28 ,7 02
St ed lo ct ru ur an s	11 ,1 88	74 3	11 31 ,9	3, 00 2	14 3 ,9
-b ke d rit ie A et ss ac se cu s	E 5, 59 4	6, 78 0	12 ,3 74	95 1,3	13 ,7 6
Lo an s	42 ,2 01	4, 00 8	46 ,2 09	23 ,7 95	70 ,0 04
Bo nd (3 ) s	71 9	(8 )	71 1	21	73 2
D iv ati er ve s	13 ,23 1	7, 17 8	20 ,4 09	14 ,4 64	34 ,8 73
M ol in in on e su re rs	4, 10 4	84 5 6,	10 ,94 9	8, 83 2	19 , 7 81 1
O th tie te er co un rp ar s	E 9, 12 7	33 3	9, 46 0	5, 63 2	15 ,0 9
l To ta	16 0, 19 9	26 ,6 64	18 6, 86 3	55 ,9 02	24 2, 76 5
tai l UK Re	16 09 ,9	1,7 72	18 ,6 81	1,3 63	20 ,0 44
UK Co at rp or e	33 ,6 08	50 4	34 ,1 12	13 ,24 5	47 ,3 57
Gl ob al nk in ke Ba & M ts g ar	33 ,0 23	1,4 53	34 ,4 76	20 ,0 35	54 ,5 11
U lst er	10 ,1 70	21 0	10 ,3 80	82 9	11 ,2 09
N -C on or e	66 ,4 89	22 ,7 25	89 ,2 14	20 ,4 30	10 96 44
	16 0, 19 9	26 ,6 64	18 6, 86 3	55 ,9 02	24 2, 76 5
d ad Lo an s an va nc es	14 2, 45 5	10 ,9 14	15 3, 36 9	40 ,0 22	19 3, 39 1
D eb iti t s ec ur es	6, 31 3	6, 77 2	13 ,0 85	1,4 16	14 ,50 1
iv ati D er ve s	11 ,43 1	8, 8 97	20 ,4 09	14 ,4 64	34 ,8 73
	16 0, 19 9	26 ,6 64	18 6, 86 3	55 ,9 02	24 2, 76 5

4. Asset coverage (continued)

2.2 Covered assets* at ³⁰ June ²⁰⁰⁹ and ³¹ December ²⁰⁰⁸ (continued)

		isi d Pr ov on s an		nd U ra n w
	Ca in rry g	ad ju stm ts to en pa r		itm d ts co m m en an	Co d ve re
	lu (1 ) va e	lu va e	alu Pa r v e	he dj (2 ) ot tm ts r a us en	nt am ou
	£m	£m	£m	£m
be 20 08 31 D ec em r	(a)	(b )	(c )= (a )+ (b )	(d )	(e) =( c) +( cl)
Re sid tia l m tg en or ag es	15 ,2 83	14 4	15 ,4 27		15 ,4 27
Co fin ns um er an ce	20 ,2 97	2, 00 3	22 ,3 00	2, 08 5	24 ,3 85
Pe al lo rs on an s	9, 54 4	1,6 87	11 ,2 31	1,4 40	12 71 ,6
in ci al lo B d us es s co m m er an s an	10 ,7 53	31 6	11 ,0 69	64 5	11 ,7 1.
fin Co ci al al ta te an ce m m er re es	41 ,3 67	97 5	42 ,3 42	9, 07 7	51 ,4 19
Le d fin an ce ve ra ge	16 ,2 90	2, 94 4	19 ,2 34	5, 11 2	24 ,3 46
Le fin as e an ce	5, 88 0	23 6	6, 11 6	89 0	7, 00 6
oj t f in Pr ec an ce	1,6 42	58	1,7 00	41 4	2, 11 4
St ed fin ct ru ur an ce	19 ,4 78	7, 04 7	26 ,5 25	5, 70 0	32 ,2 25
St ed lo ct ru ur an s	12 ,6 74	26 1	35 12 ,9	3, 29 4	16 ,2 2
A -b ke d rit ie et ss ac se cu s	80 4 6,	6, 78 6	13 ,5 90	2, 40 6	15 ,99
Lo an s	55 ,5 37	1,3 73	56 ,9 10	27 ,5 10	84 ,4 20
Bo nd (3) s	1,2 85	(1 03 )	1, 18 2	65	1,2 47
iv ati D er ve s	21 ,0 68	57 5 6,	27 ,6 43	11 ,2 72	38 ,9 15
M ol in in on e su re rs	5, 62 0	5, 89 2	11 ,5 12	10 58 ,7	22 ,2 7
th tie O te er co un rp ar s	15 ,4 48	68 3	16 ,1 31	51 4	16 ,64
To l ta	19 8, 12 7	21 ,2 52	21 9, 37 9	62 ,1 25	28 1,5 04
UK Re tai l	18 ,1 86	1,5 65	19 ,75 1	1,4 15	21 ,1 66
Co UK at rp or e	39 ,1 91	33 0	39 ,52 1	12 ,1 65	51 86 ,6
ke Gl ob al Ba nk in M & ts ar g	49 ,4 87	2, 14 2	51 ,6 29	23 ,4 15	75 ,0 44
lst U er	11 ,7 72	16 7	11 ,9 39	1, 16 3	13 ,1 02
N -C on or e	,49 1 79	17 ,0 48	96 ,5 39	23 ,9 67	12 0, 50 6
l To ta	19 8, 12 7	21 ,2 52	21 37 9, 9	62 ,1 25	28 1,5 04
ad Lo d va nc es an s an	16 8, 97 0	4 7, 99	17 6, 96 4	48 ,3 82	22 5, 34 6
eb iti D t s ec ur es	8, 08 9	68 3 6,	14 ,7 72	2,4 71	17 ,24 3
D iv ati er ve s	21 ,0 68	57 5 6,	27 43 ,6	11 ,2 72	38 ,9 15
l To ta	19 8, 12 7	21 ,2 52	21 9, 37 9	62 ,1 25	28 1,5 04

Notes:

(1) Carrying value represents the amounts recorded on the balance sheet and includes assets classified as loans and receivables, fair valued through profit or loss and available-for-sale

(2) Other adjustments include: add-back of available-for-sale reserves (taken through equity) and adjustment to covered amounts for derivatives (for 30 June 2009 only) and rollovers and refinancing (for 30 June 2009 only)

(3) Comprises non asset-backed securities

*Detailed information is presented as at ³⁰ June ²⁰⁰⁹ and ³¹ December 2008. Information as at ³⁰ September ²⁰⁰⁹ is being updated for incorporation in the APS shareholder circular.

2. Asset coverage (continued)

2.3 Credit impairments and write downs

Cumulative credit impairment losses and adjustments to par value relating to covered assets are set out below:

	Cl in os g	ba la nc e
	Ju 20 09 30 ne	31 D be r2 00 8 ec em
	£m
ad Lo d va nc es an s an	10 ,9 14	7, 99 4
eb iti D t s ec ur es	6, 77 2	6, 68 3
D iv ati er ve s	8, 97 8	57 5 6,
l To ta	26 66 4	21 ,2 52
UK Re tai l	17 72	1,5 65
Co UK at rp or e	50 4	33 0
nk in Gl ob al Ba & M ke ts g ar	1,4 53	2, 14 2
U lst er	21 0	16 7
N -C on or e	22 ,7 25	17 ,04 8
	26 ,6 64	52 21 ,2

2.4 Risk elements in lending and potential problem loans

Risk elements in lending (REIL5) and potential problem loans (PPLs) for the Group and the amount relating to assets in the Scheme are set out below.

	30 20 09 Ju ne		31 D be r 2 ec em	00 8
	Gr ou p	A PS	Gr ou p	A PS
	£m	£m	£m
N fo in lo on -p er rm g an s	27 ,2 29	20 ,6 27	17 ,0 82	12 79 ,6
O th RE IL er	3, 50 0	2, 90 0	1,7 09	1,4 98
tal To RE IL	30 ,7 29	23 ,5 27	18 1 ,79	14 ,1 77
PP L5	29 6	23 9	22 6	18 7
RE IL d PP Ls an	31 ,0 25	23 ,7 66	19 ,0 17	14 ,3 64
Co re	10 ,3 64	11 6,7
N -C on or e	20 ,6 61	17 ,0 55
	31 ,0 25	23 ,7 66

Key points:

. More than 75% of the Group's REILs and PPLs relate to assets in the Scheme.
. Of the REILs and PPLs in Non-Core, more than 80% were in APS.

2. Asset coverage (continued)

2.5 Credit quality

The internal reporting and oversight of risk assets principles are set out in the Group 2008 Report and Accounts credit risk section on page 90. The table below shows the credit quality of the Group's credit risk assets by risk bands and the proportion relating to assets in the Scheme.

		30 Ju ne	20 09	31 D be r2 00 8 ec em
		%	lat in to ts re g as se	lat in % to ts re g as se
ali ba nd A et ty ss qu	ob ab ili Pr of de fa ul ty t	Gr ou p	in th he Sc e m e	Gr ou p	in th Sc he e m e
		£b n		£b n
AQ 1	0% 0. 03 4% -	10 9	2%	12 7	3%
A Q2	0. 03 4% 0. 04 8% -	20	9%	26	16 %
A Q3	0. 04 8% 0. 09 5% -	33	10 %	38	17 %
A Q4	0. 09 5% 0. 38 1% -	11 4	16 %	15 0	15 %
A Q5	0. 38 1% 1.0 76 % -	12 1	26 %	14 8	28 %
A Q6	1.0 76 2. 15 3% % -	99	32 %	10 3	36 %
A Q7	2. 15 3% 6. 08 9% -	49	45 %	46	52 %
A Q8	08 17 .2 22 6. 9% % -	25	42 %	26	46 %
A Q9	17 .2 22 % 10 0% -	17	55 %	12	69 %
AQ 1O	10 0%	33	81 %	18	72 %
O th (1) er		38	5%	41	8%
		65 8	24 %	73 5	24 %

Notes:

(1) Other' largely comprises assets covered by the standardised approac^h for which ^a probability of default (PD) equivalent to those assigned to assets covered by the internal ratings based approach is not available.

(2) Reverse repurchase agreements, carrying value relating to net derivative positions and issuer risk relating to debt securities are excluded from both Group numbers and APS covered assets above.

Over 80% of Group's credit risk assets with 100% probability of default are in the Scheme.

2.6 Risk-weighted assets

R is k- ei gh d (R W te ts w as se	A s) fo llo w er e as w s: 30 Se be r 2 00 9 pt em		30 Ju 20 ne	09	31 be D r 2 00 8 ec em
	£b n	%	£b n	%	£b n	%
A PS	16 6. 5	28	14 0. 7	26	15 8.7	27
No A PS n	42 8. 2	72	40 6. 6	74	41 9. 1	73
Gr ou p	59 4. 7	10 0	54 3 7.	10 0	57 7. 8	10 0

	30 Ju 20 09 ne
	A PS	No A PS n	To tal
Ri sk ei gh d di vi sio by te ts -w as se n: Re tai l Co at rp or e ob al Ba nk in M ke & ts g ar lst er th di vi sio er ns re -C on or e	£b n	£b n	£b n
UK	18 .3	35 .7	54 .0
UK	.5 32	57 .0	89 .5
Gl U	29 .3	93 .1	12 2. 4
	8.1	18 .1	26 .2
O	-	91 .1	91 .1
Co	88 .2	29 5. 0	38 3. 2
N	52 .5	11 1.6	16 4. 1
Gr ou p	14 0. 7	40 6. 6	54 7. 3

3. Basis of asset selection

The selection has been carried out primarily between February and April 2009 and was driven by three principal criteria

(1) Risk and degree of impairment in base case and stressed scenarios;
(2) Liquidity of exposure; and
(3) Capital intensity under procyclicality.

The approach for high volume commercial and retail exposures was on ^a portfolio basis. Selection for large corporates and GBM was at the counterparty/asset level. Set out below are the selection criteria for the affected divisions.

G BM *	B ki bo ok Se le io b in di vi du al ol C lo l (e R ct t te an ng n : y as se po .g or po ra an s, ea fin L ed fin ), G lo ba l R in (G R G ) k- G ta te tru ct t es an ce ev er ag an ce es ur g ro up w or ou , it tie s/ d hi gh ris k tie A dd iti al s/ te ts te ts co un rp ar as se an un co un rp ar as se on tie s/ le ed th h in di vi du al ris k vi of th l te ts ct to ta co un rp ar as se w er e se ro ug an re ew e rtf ol io po
	Tr ad in bo ok Se le io b in di vi du al iv iv (e M ol in D ct ts at g : n y as se .g on es er es ., , , ad in g) M tg tr or ag e
	C ci al & C al Al l d ef lte d in th k te ta te ts om m er or po ra re es : au as se e w or t/r in it in hi gh ris k ba nd tru ct ou es ur g un or s.
C * te U K or po ra	C Al l de fa ul d in th k- in tIr it. C te te ts tru ct te or po ra : as se e w or ou es ur g un or po ra • ba nk in cl ie in hi gh ris k ith hi gh io ris k. nt ct tr at g s se or s or w co nc en n
	rtf ol io B in B ki Po in th k t / in it in hi gh ris k st ct • us es s an ng : s e w or ou re ru ur g un or ba nd s.
R ai l* et U K	M ith hi gh al d in hi gh ris k Lo V (e tg ts to ts • or ag es : as se w er an ue s an er se gm en .g >9 7% l bo ok LT V LT V >8 5% bu -le bo ok ), d th in to t ts s on ge ne ra s on os e as se y- an , (a 31 D be 20 08 ). t ar re ar s ec em r
	d L dr af hi gh ris k ba d in al ba nd in d ts st te • oa ns an ov er er cu om er s se on rn gs an - , th in (a 31 be D 20 08 ). ts at os e as se ar re ar s s ec em r
EM E*	M : A ith th br ok d in 85 % LW tg et te tg te st • or ag es ss s gr ea r an w er m or ag es an re , ith hi gh l ob ab ili of de fa ul ty t. on w a er pr y
(C ai l) & R te et or po ra	ai l: rtf ol io of in de fa ul R Po >1 th <2 ol d d et ts t s ac co un m on ar re ar s an a ye ar s . hi gh ob ab ili of de fa ul ty t. er pr
	ie C C s/ in k- t / in in hi gh ris k te nt rt ts st ct or po ra : ou er pa as se w or ou re ru ur g gr ou ps or d he ba nd id tif ie d of in di vi du al vi of ot ts rt s, an r as se en as pa an re ew ca se s.

including assets transferred to Non-Core division

4. Pro forma capital ratios

30 Se be 20 09 pt em r (e im ed ) st at	RW A5	Co tie 1 re r pi l ta ca	Co tie 1 re r pi l r ati ta ca o	Ti 1 er pi l ta ca	Ti 1 er pi l r ati ta ca o	tal pi l To ta ca	To tal pi l ta ca tio ra
	£b n	£b n	%	£b n	%	£b n	%
A d rte s re po	59 4. 7	33 .0	5. 5%	47 .6	8. 0%	62 .1	10 .4 %
fo ef fe Pr ct o rm a s:
B sh is ar e su an ce		25 .5		25 .5		25 .5
Le ss
CD S V alu e		(2 .5)		(2 .5)		(2 .5)
Co in Ca pi l f nt nt ta ge ee
de du ed fro ct nt up		(1 .6)		(1 .6)		(1 .6)
Ca pi l r ui 8% ta ts at eq re m en		(1 3. 4)
A PS be fit 4% at co ve ra ge ne		6. 7
t ( Bi 9) de du io Ne Pr ct u n		(6 .7)		(6 .7)		(6 .7)
Ti 2 de du io ct er n						(6 .7)
RW A lie f re	(1 66 .5)
	42 8. 2	47 .7	11 .1 %	62 .3	14 .5 %	70 .1	16 .4 %

		Co tie 1 re r	Co tie 1 re r	Ti 1 er	Ti 1 er		tal To pi l ta ca
30 Ju 20 09 ne	RW A5	pi l ta ca	pi l r ati ta ca o	pi l ta ca	pi l r ati ta ca o	To l c ita l ta ap	tio ra
	£b n	£b n	%	£b n	%	£b n	%
A d rte s re po	54 7, 3	35 .2	4% 6.	49 .4	9. 0%	64 .0	11 .7%
fo Pr ef fe ct o rm a s:
B sh is ar e su an ce		25 .5		25 .5		25 .5
Le ss
CD S V alu e		(2 .5)		(2 .5)		.5) (2
Co in pi l f Ca nt nt ta ge ee
de du ed fro ct nt up		(1 .6)		(1 .6)		(1 .6)
Ca pi l r ui 8% ta ts at eq re m en		(1 1.2 )
be fit A PS 4% at co ve ra ge ne		5. 6
Ne t ( Bi Pr 9) de du io ct u n		(5 .6)		(5 .6)		(5 .6)
Ti 2 de du io ct er n						(5 .6)
RW A lie f re	(1 40 .7)
	40 6. 6	51 .0	12 .5 %	65 .2	16 .0 %	74 .2	18 .2%

Key messages:

CT1, Tier ¹ and Total Capital ratios are significantly improved on ^a pro forma basis
•Legacy credit losses will be absorbed through higher capital base
APS coverage provides capital equivalent benefit versus the RBS Group targeted 8% CT1 ratio of approximately £6.7 billion (30 June 2009: £5.6 billion) which, net of the valuation of the CDS (minimum fee), is approximately £4.2 billion (30 June 2009: £3.1 billion).
Contingent capital fee for 5 year option deducted upfront

Appendix 4

Businesses outlined for disposal

Businesses outlined for divestment

To comply with EC State Aid requirements RBS has agreed ^a series of restructuring measures to be implemented over ^a four year period. This will supplement the measures in the Strategic Plan already announced by RBS. This comprises divesting fully RBS Insurance, Global Merchant Services and RBS Sempra Commodities. Further, the Group is to divest the RBS branch based business in England & Wales and the NatWest branch network in Scotland, along with the Direct SME customers across the UK. This will reduce RBS market share by 2% of the UK retail market, 5% in the SME market and 5% of the mid-corporate market.

Income statement dimensions

The table below shows the estimated associated Total Income and Operating Profit of the businesses currently identified for disposal.

			O tin pe ra g pr	of it be fo re
	To l ta in	co m e	im irm pa	ts en	tin O of it pe ra g pr
in tli d B fo r d isp al us es se s ou ne os	6 th m on s de d en 30 Ju 20 09 ne	nd ed Y ea r e 31 D be ec em r 20 08	th 6 m on s de d en 30 Ju 20 09 ne	Y nd ed ea r e 31 D be ec em r 20 08	th 6 m on s de d en 30 Ju 20 09 ne	nd ed Y ea r e 31 D be ec em r 20 08
	£m	£m	£m	£m	£m
RB S In (1 ) su ra nc e	65 21	4, 43 0	22 3	62 6	21 7	58
Gl ob al ch t S vi (2) M er an er ce s	26 4	55 2	12 1	28 6	12 1	27
RB S Se Co od iti (3 ) m pr a m m es	45 4	5 76	62	21 2	62	20
To l ta	2, 88 3	5, 74 7	40 6	1, 12 4	40 0	1,0 69

Balance sheet dimensions

The table below shows the estimated associated risk weighted assets, total assets and estimated capital of the businesses currently identified for disposal.

	RW A s		To ta	l A et ss s		E sti ed Ca pi l at ta m
	30 Ju ne	31 D be ec em r	30 Ju ne	be 31 D ec em r	30 Ju ne	be 31 D ec em r
B in tli d fo r d isp al us es se s ou ne os	20 09	20 08	20 09	20 08	20 09	20 08
£b n	£b n	£b n	£b n	£b n	£b n	£b n
S (1 ) (4) RB In su ra nc e	n/r n	n/r n	11 .5	10	4. 2	3. 8
Gl ob al M ch t S vi er an er ce s	1.5	1.5	0. 6	0. 8
RB S Se Co od iti m pr a m m es	10 .2	10 .7	14 .7	17 .8
To l ta	11 .7	12 .2	26 .8	29 .4

The table below shows estimated forecast risk weighted assets, total assets, loans and deposits as at 31 December 2009 in respec^t of the UK Retail Markets and UK Corporate businesses identified for reduction. It is estimated that the income of these businesses for the six months ended 30 June 2009 was approximately £400 million and that, broadly, they broke even during the period.

31 D be r 2 00 9 ec em	RW A s	To l A ta et ss s	Lo an s	its D ep os
UK Re tai l M ke d UK Co ts at ar an rp or e B in tli d fo ed tio (' bn ) (2 ) us es se s ou ne r r uc n	18 .0	20 .0	20 .0	19 .0

Notes:

(1) As reported in the Interim Results for the half year ended 30 June 2009 and excluding non-core business.

(2) The figures are estimates.

(3) Sempra Commodities was acquired in April 2008 and the 2008 income statement data are from the date of acquisition. The figures shown, other than total income, are net of the minority interest attributable to Sempra for the six months ended 30 June 2009 and the twelve months ended 31 December 2008. The operating profit before minority interest of the business was £206 million and £373 million respectively for the periods shown.

(4) Estimated Capital includes approximately £1.0 billion of goodwill.

	and the state			and the control
and the state of the state of the				and the first product that the con-
r E				the company of the company	the contract of the contract of the contract of the contract of
	$-12.12$	the contract of the contract of the contract of the contract of		STATISTICS
		Angele Park	and the con-	and the state	the part of the control of the co-
				The Barriston
		エマニコー	Total. BU		and the control of the control of the _________ $\begin{array}{c} \begin{array}{c} \text{array} \ \text{array} \end{array} \end{array}$

	the state of the control of the state of the state of the state of the state of the state of	and the control of the state of the
		the party of the company's com-
	the contract of the contract of the contract of the contract of .	the company of the company of the company of the company of the company of the contract of the contract of the contract of the contract of the contract of the contract of the contract of

Appendix 5

Third quarter 2009 results

Revisions

Appendix 5 — Revisions

Revision to net interest income

Certain income reported in other operating income in the interim results for the half year ended 30 June has been reclassified to net interest income. This reclassification does not affect total income, results of operation or profit before tax.

The effect of the reclassification on the income statement for the quarter ended 30 June 2009 is as follows:

	io ly Pr ev us
	ed rt re po	A dj tm t us en	R is ed ev

Ne t i t i nt er es nc om e	3, 11 7	20 5	3, 32 2
-in in N (e lu di in iu te st t p on re co m e xc ng su ra nc e ne re m m
in e) co m	1,7 03	(2 05 )	1,4 98
Ne t i gi nd ed Ju 20 09 30 nt t m te er es ar n qu ar r e ne —	1.6 0%	0. 10 %	1.7 0%
Ne t i gi ha lf de d 30 Ju 20 09 nt t m er es ar n ye ar en ne —	1.6 9%	0. 05 %	1.7 4%

Appendix 5 Revisions

Divisional revisions

Divisional results have been revised to reflect the finalisation of transfers to Non-Core and between divisions. These changes do not affect the Group's results.

		Q nd ed 31 ch 20 09 M rte ua r e ar			nd ed Q 30 Ju 20 09 rte r e ua ne
		Pr io ly ev us			Pr io ly ev us	A dj tm t us en	R is ed ev
		d rte re po	A dj tm t us en	R is ed ev	d rte re po
UK Re il ta			Sm			Sm

in in N et te st re co m e		80 7	(1 0)	79 7	87 7	(9 )	86 8
Di ct re ex pe ns es
th o er -		(1 18 )	3	(1 15 )	(1 03 )	1	(1 02 )
di In ct re ex pe ns es		(4 87 )	-	(4 87 )	(4 51 )	(1 )	(4 52 )
tin of it O pe ra g pr		24	(7 )	17	29	(9 )	20

UK C te or po ra		Sm	Sm	Sm	Sm	Sm

Ne t i t i nt er es nc om e		47 3	26	49 9	53 3	27	56 0
N -in in te st on re co m e		27 3	38	31 1	29 6	32	32 8
Di ct re ex pe ns es
ff ta sts -s co		(1 72 )	(1 3)	(1 85 )	(1 70 )	(1 2)	(1 82 )
th sts o er co -		(6 6)	(8)	(7 4)	(4 0)	(6 )	(4 6)
Im irm t l pa en os se s		(1 01 )	1	(1 00 )	(4 50 )	-	(4 50 )
O tin of it pe ra g pr		27 7	44	32 1	44	41	85

		£b n	£b n	£b n	£b n	£b n	£b n
To l ta ts as se		10 8. 7	11 .4	12 0. 1	10 6. 0	10 .2	11 6. 2
d ad Lo to an s an va nc es	sto cu m er s —
gr os s		10 5. 4	11 .3	11 6. 7	10 2. 4	10 .2	11 2. 6
C de sit to us m er po s		81 .2	1.7	82 .9	84 .1	1.5	85 .6
Ri sk ei gh d te ts w as se		81 .6	4. 6	86 .2	85 .1	4. 4	89 .5

W lth ea		£m	Sm	Sm	Sm	Sm	Sm
in in N et te st re co m e		16 0	(2 )	15 8	17 9	(3)	17 6
-in in N te st on re co m e		11 2	(1 )	11 1	11 3	(2)	11 1
Di ct re ex pe ns es
ff ta sts -s co		(9 0)	-	(9 0)	(7 9)	1	(7 8)
th sts o er co -		(3 3)	-	(3 3)	(3 5)	1	(3 4)
O tin of it pe ra g pr		97	(3 )	94	12 1	(3 )	11 8

		£b n	Sb n	£b n	£b n	£b n	£b n
d ad Lo to an s an va nc es	sto cu m er s —
gr os s		12 .6	(0 .3)	12 .3	12 .7	(0 .3)	12 .4
de sit Cu sto m er po s		35 .3	(0 .4)	34 .9	35 .7	(0 .4)	35 .3
Ri sk ei gh d te ts w as se		10 .8	(0 .2)	10 .6	10 .5	(0 .2)	10 .3

Appendix 5 — Revisions (continued)

	nd ed 31 Q M ch 20 09 rte r e ua ar			Q nd ed 30 Ju 20 09 rte ua r e ne
	Pr io ly ev us			Pr io ly ev us
	d rte re po	A dj tm t us en	is ed R ev	ed rt re po	A dj tm t us en	R is ed ev
ke G lo ba l B ki & M ts ar an ng		£m			£m

t i t i Ne nt er es nc om e	84 8	(3 6)	81 2	71 2	(5 2)	0 66
-in in N te st on re co m e	4, 58 7	(6 0)	4, 52 7	1,6 83	(3 3)	1,6 50
Di ct re ex pe ns es
ff ta sts -s co	(1 ,0 14 )	13	(1 ,0 01 )	(7 73 )	11	(7 62 )
th sts o er co -	(3 06 )	6	(3 00 )	(2 33 )	2	(2 31 )
Im irm lo t pa en ss es	(2 ) 69	-	(2 69 )	32	(1 )	31
O tin of it pe ra g pr	3, 65 3	(7 7)	3, 57 6	1,2 20	(7 3)	1, 14 7

	£b n	£b n	£b n	£b n	£b n	£b n
Lo d ad (in clu di ba nk s) an s an va nc es ng	21 7. 9	(1 1.4 )	20 6. 5	16 4 6.	(1 0. 4)	15 6. 0
R ev er se re po s	80 .6	-	80 .6	75 .2	-	75 .2
Se rit ie cu s	12 4. 3	-	12 4. 3	11 5. 5	-	11 5. 5
sh d eli gi bl bi lls ca an e	28 .6	-	28 .6	51 .5	-	51 .5
O th er	43 .1	-	43 .1	46 .3	(0 .1)	46 .2

l t lu di To hi rd (e ta ts rty as se xc ng pa de riv iv k ke t) at to es m ar m ar	49 4. 5	(1 1.4 )	48 3. 1	45 4. 9	(1 0. 5)	44 4. 4
de sit (e lu di s) st cu om er po s xc ng re po	83 .1	(1 .3)	81 .8	66 .0	(1 .0)	65 .0
Ri sk ei gh d te ts w as se	15 3. 1	(4 .5)	14 8. 6	12 6. 6	(4 .2)	12 2. 4
Se ic G lo ba l Tr io ct an sa n rv es	£m	£m

Ne t i t i nt er es nc om e	22 0	-	22 0	22 6	(1 )	22 5
in N -in te st co m e on re	38 5	-	38 5	39 7	1	39 8
Di ct re ex pe ns es
ff ta sts -s co	(9 5)	-	(9 5)	(8 8)	1	(8 7)
th sts o er co -	(3 5)	-	(3 5)	(3 7)	(1 )	(3 8)
O tin of it pe ra g pr	23 1	-	23 1	5 26	-	26 5
	£b n	£b n	£b n	£b n	£b n	£b n
l t hi rd To rty ta ts pa as se	20 .9	0. 2	21 .1	19 .7	(0 .3)	19 .4
d ad Lo an s an va nc es	14 .4	0. 3	14 .7	13 .8	(0 .3)	13 .5
de sit st cu om er po s	58 .2	0. 1	58 .3	54 .0	-	54 .0
ei gh d Ri sk te ts w as se	17 .9	0. 8	18 .7	16 .7	-	16 .7
C l i tra te en m s	£m		£m	£m	£m
O tin of it pe ra g pr	48 9	-	48 9	(3 14 )	2	(3 12 )

Appendix 5 — Revisions (continued)

	nd ed 31 M ch 20 09 Q rte ua r e ar			nd ed Ju Q 30 20 09 rte ua r e ne
	Pr io ly ev us			Pr io ly ev us
	d rte re po	dj A tm t us en	is ed R ev	d rte re po	dj A tm t us en	is ed R ev
N -C on or e		£m			£m
Ne t i t i nt er es nc om e	37 3	22	39 5	23 9	35	27 4
N -in in te st on re co m e	(2 ,44 2)	24	(2 ,4 18 )	(1 ,1 72 )	4	(1 ,1 68 )
St af f c ts os	(1 87 )	(1)	(1 88 )	(7 2)	1	(7 1)
O th st er co s	(3 71 )	(1 )	(3 72 )	(3 58 )	1	(3 57 )
Im irm t l pa en os se s	(1 ,8 27 )	(1 )	(1 ,8 28 )	(3 ,5 17 )	1	(3 ,5 16 )
C tri bu tio on n	(4 ,6 31 )	43	(4 ,5 88 )	(5 ,0 17 )	42	(4 ,97 5)
	£b n	£b n	£b n	£b n	£b n	£b n
(in clu di To l t hi rd rty ta ts pa ng as se de riv iv ) at es	29 7. 1	-	29 7. 1	23 1. 1	0. 8	23 1.9
d ad Lo to sto an s an va nc es cu m er s - g ro ss	18 3. 1	-	18 3. 1	16 6. 3	(2 .7)	16 3. 6
Cu de sit sto m er po s	22 .0	(0 .1)	21 .9	20 .8	(7 .4)	13 .4
Ri sk ei gh d te ts w as se	16 4. 4	(0 .7)	16 3. 7	16 4. 0	0. 1	16 4. 1

	the company of the company of the company of the company of the company of
	capacity are apply agreement of the Constitution of the constraints of	the company of the company of the company of the company of the company of the company of
			- 「「「」「」「」「」「」「」「」「」「
	the control of the control of the control of the control of the control of		and the second control of the second
			search and the search search and the search of the search and the search of the search of the search of
	the control and the control of the control of		the contract of the contract of the
and the contract		the control of the control of the control of the control of the control of	the contract of the contract of the contract of the contract of the contract of
	the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control		the contract of the contract of the contract of
	and the state was the state of the state of the state of the state of the state of the state of the state of the		and the second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second contract of the second
			and the component of the second component of the component of the component of the component of the component of the component of the component of the component of the component of the component of the component of the com
			Send the computation of the Send True Computation distribution of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control of the control
			Professional Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the Company of the
			OF REAL PROPERTY AND RESIDENCE IN THE RESIDENCE OF PERSONAL
			THE R. P. LEWIS CO., LANSING, MICH. 49-14039-1-120-2

AI Terminal

Natwest Group PLC

4644_iss_2009-11-06_f16d726e-7b2b-4e8a-ab1e-d818a576b9ed.pdf

Appendix I

Third quarter 2009 results

Reconciliations of pro forma to statutory income statements and balance sheets

Income statement for the quarter ended 30 September 2009

Income statement for the quarter ended 30 June 2009

Income statement for the quarter ended 30 September 2008

Income statement for the nine months ended 30 September 2009

Income statement for the nine months ended 30 September 2008

Balance sheet at 30 September 2009

Balance sheet at 30 June 2009

Balance sheet at 31 December 2008

Appendix 2 Third quarter 2009 results Analysis by quarter

Summary consolidated income statement — pro forma

Divisional performance

Divisional performance (continued)

UK Retail

UK Retail (continued)

Note:

UK Corporate

UK Corporate (continued)

Note:

Global Banking & Markets

Global Banking & Markets (continued)

Note:

Global Transaction Services

Ulster Bank

Ulster Bank (continued)

Note:

US Retail and Commercial ( Sterling) (continued)

Note:

US Retail and Commercial (US Dollar) (continued)

Note:

RBS Insurance (continued)

Non-Core

Non-Core (continued)

Appendix 3

Asset Protection Scheme

THE ASSET POOLS TO BE COVERED BY THE ASSET PROTECTION SCHEME WERE ONLY AGREED VERY RECENTLY. THE DATA FOR 30 SEPTEMBER 2009 ARE ESTIMATES AND ACTUAL NUMBERS WILL BE PROVIDED IN THE CIRCULAR TO SHAREHOLDERS.

1. Summary of APS revisions

Key messages:

2. Asset coverage

2.1 RoIl forward of covered assets to 30 June 2009

2. Asset coverage (continued)

22 Covered assets* at 30 June 2009 and 31 December 2008

4. Asset coverage (continued)

2.2 Covered assets* at 30 June 2009 and 31 December 2008 (continued)

2. Asset coverage (continued)

2.3 Credit impairments and write downs

2.4 Risk elements in lending and potential problem loans

Key points:

2. Asset coverage (continued)

2.5 Credit quality

2.6 Risk-weighted assets

3. Basis of asset selection

4. Pro forma capital ratios

Key messages:

Appendix 4

Businesses outlined for disposal

Businesses outlined for divestment

Income statement dimensions

Balance sheet dimensions

Appendix 5

Third quarter 2009 results

Appendix 5 — Revisions

Revision to net interest income

Appendix 5 Revisions

Divisional revisions

Appendix 5 — Revisions (continued)

Appendix 5 — Revisions (continued)

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2.2 Covered assets* at ³⁰ June ²⁰⁰⁹ and ³¹ December ²⁰⁰⁸ (continued)