Barclays 2014 Annual Report Download - page 171

barclays.com/annualreport Barclays PLC Annual Report 2014 I 169
Forbearance by type
Home loans
Barclays Core Barclays Non-Core
UK South Africa Italya
As at 31 December 2014
£m
2013
£m
2014
£m
2013
£m
2014
£m
2013
£m
Interest only conversion 122 135 – – – –
Interest rate reduction – – 1 2 – –
Payment concession 150 160 161 187 147 144
Term extension 314 413 45 59 132 163
MCA forbearance 1,256 1,656 n/a n/a n/a n/a
Total 1,842 2,364 207 248 279 307
In the UK MCA reserves are up-to-date with their mortgage repayments, but have drawn against their available reserve and displayed other indicators
of financial stress. While these accounts do not meet the traditional definition of forbearance, this behaviour can be an indicator of financial difficulty.
During 2014, the proportion of customers meeting this definition has decreased, primarily as a result of the improved economic conditions.
Forbearance by type
Credit cards and unsecured loans – Barclays Core portfolios
UK cards US cards UK personal loans
As at 31 December 2014
£m
2013
£m
2014
£m
2013
£m
2014
£m
2013
£m
Payment concession 31 63 – ––1
Term extension – – – – 27 31
Fully amortising – – 58 56 93 110
Repayment planb 693 833 40 50 – –
Other – 16 – –– –
Total 724 912 98 106 120 142
Payment concessions in UK cards were withdrawn during 2014, leading to the lower balance of £31m (2013: £63m).
Repayment plan balances in UK cards decreased to £693m (2013: £833m) driven by the continued reduction in new repayment plan volumes
caused by the implementation of enhanced qualification criteria in 2012.
Wholesale forbearance programmes
The tables below detail balance information for wholesale forbearance cases.
Analysis of wholesale balances in forbearance programmes
Balances on forbearance programmes
Impairment
allowances
marked
against
balances on
forbearance
programmes
£m
Total
balances on
forbearance
programmes
coverage
ratio
%
Total
balances on
forbearance
programmes
% of gross
loans and
advances
%
Balances
between 1
and 90 days
past due
£m
Balances
91 days or
more past
due
£m
Total
balances
past due
£m
Impaired
up-to-date
balances
£m
Performing
balances
£m
Total
balances
£m
As at 31 December 2014
Investment Bank 22 32 54 – 52 106 10 9 0.1
Personal & Corporate Banking 38 391 429 587 574 1,590 225 14 2.0
Africa Banking 13 42 55 47 30 132 7 5 0.8
Total Barclays Core 73 465 538 634 656 1,828 242 13 0.9
Barclays Non-Core 41 238 279 336 36 651 271 42 1.5
Group 114 703 817 970 692 2,479 513 21 1.0
As at 31 December 2013
Investment Bank 44 1 45 – 431 476 8 2 0.5
Personal & Corporate Banking 50 428 478 403 659 1,540 255 17 2.0
Africa Banking 21 25 46 7 106 159 14 9 1.0
Total Barclays Core 115 454 569 410 1,196 2,175 277 13 1.1
Barclays Non-Core 50 567 617 452 141 1,210 614 51 2.8
Group 165 1,021 1,186 862 1,337 3,385 891 26 1.4
Notes
a In Italy, payment concessions include plans where the customer has been extended a payment holiday and may be converted to a term extension once the agreed period is
completed.
b Repayment plan represents a reduction to the minimum payment due requirements and interest rate.
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