Barclays 2011 Annual Report Download - page 88

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Impairment charges (audited)
Loan impairment charges reduced 33% to £3,790m, reflecting generally improving underlying trends across the majority of retail and wholesale
businesses. Loan impairment included new and increased allowances of £4,962m (2010: £6,939m; 2009: £8,111m), releases of £931m (2010: £1,189m;
2009: £631m), recoveries of £265m (2010: £201m; 2009: £150m) and charges on undrawn facilities and guarantees of £24m (2010: £76m; 2009:
£28m). Combined with a 2% increase in loans and advances, this resulted in a lower overall Group loan loss rate of 77bps (2010: 118bps; 2009: 156bps).
Further detail can be found in the Retail Credit Risk and Wholesale Credit Risk sections on pages 96 to 103.
Credit impairment charges and other provisions by business (audited)
Loans and
Advances
£m
Available for
Sale Financial
Investmentsa
£m
Reverse
Repurchase
Agreements
£m
Total
£m
Year ended 31 December 2011
UK RBB 536 – – 536
Europe RBB 241 20 – 261
Africa RBB 464 – – 464
Barclaycard 1,259 – – 1,259
Barclays Capitalb 129 12 (48) 93
Barclays Corporate 1,122 27 – 1,149
Barclays Wealth 41 – – 41
Head Office Functions and Other Operations (2) 1 – (1)
Total 3,790 60 (48) 3,802
Year ended 31 December 2010
UK RBB 819 – – 819
Europe RBB 314 – – 314
Africa RBB 562 – – 562
Barclaycard 1,688 – – 1,688
Barclays Capitalb642 (95) (4) 543
Barclays Corporate 1,551 145 – 1,696
Barclays Wealth 48 – – 48
Head Office Functions and Other Operations 1 1 – 2
Total 5,625 51 (4) 5,672
Year ended 31 December 2009
UK RBB 1,031 – – 1,031
Europe RBB 334 4 – 338
Africa RBB 688 – – 688
Barclaycard 1,798 – – 1,798
Barclays Capitalb1,898 650 43 2,591
Barclays Corporate 1,544 14 – 1,558
Barclays Wealth 51 – – 51
Head Office Functions and Other Operations 14 2 – 16
Total 7,358 670 43 8,071
Risk management
Credit risk continued
Notes
a Excludes £1,800m impairment of BlackRock, Inc. (2010: nil, 2009: nil) recorded in Investment Management.
b Credit market related impairment charges within Barclays Capital comprised a write back of £14m (2010: £660m charge; 2009: £1,205m charge) against loans and advances and a write
back of £35m (2010: £39m writeback; 2009: £464m charge) against available for sale financial investments.
86 Barclays PLC Annual Report 2011 www.barclays.com/annualreport