2014 at a glance

Financial results

(£3,470m) Attributable loss
£3,503m Operating profit(1)
£2,643m Profit before tax
11.2% Common Equity Tier 1 ratio(2)
£356bn RWAs
95% Loan:deposit ratio(3)
£28bn Short-term wholesale funding(4)
£151bn Liquidity portfolio
4.2% Leverage ratio(5)
(8.0%) Return on tangible equity(6)
68% Cost:income ratio - adjusted(7)
2.23% Net interest margin

Ross McEwan on our strategy

Our values

Serving customers

Working together

Doing the right thing

Thinking long term

More about our values

Notes
  • (1) Operating profit before tax, own credit adjustments, gain on redemption of own debt, write-down of goodwill, strategic disposals and RFS Holdings minority interest (RFS MI) and includes the results of Citizens on a non-statutory basis, which are included in discontinued operations in the statutory results.
  • (2) End-point CRR basis.
  • (3) Includes disposal groups.
  • (4) Excludes derivative collateral.
  • (5) Based on end-point CRR Tier 1 capital and revised 2014 Basel III leverage ratio framework.
  • (6) Tangible equity is equity attributable to ordinary and B shareholders less intangible assets.
  • (7) Cost:income ratio is based on total income excluding own credit adjustments, gain on redemption of own debt, strategic disposals, and RFS MI, and operating expenses excluding litigation and conduct costs, restructuring costs, write down of goodwill and RFS MI. Total income and operating expenses both include Citizens which is included in discontinued operations in the statutory results.