Barclays 2012 Annual Report Download - page 149

The strategic report Governance Risk review Financial review Financial statements Risk management Shareholder information
Sovereign
 £1,562m (2011: £2,468m) AFS holdings in government bonds. No impairment and £26m (2011: £51m) cumulative fair value loss held in AFS
reserve.
Financial institutions
 £751m (2011: £221m) held at fair value through profit and loss, predominantly debt securities held by the Investment Bank to support trading
and market making activities; and
 £480m (2011: £490m) AFS assets with £11m (2011: £17m) cumulative loss held in AFS reserve.
Residential mortgages
 £13,305m (2011: £14,654m) fully secured on residential property with average balance weighted marked to market LTV of 64.6% (2011: 60.1%).
The increase in LTV is reflected in the CRL coverage of 36% (2011: 28%);
 90 day arrears rates have increased to 0.7% (2011: 0.5%) while gross charge-off rates have increased to 1.1% (2011: 0.6%).
Corporate
 Net lending to corporates of £3,311m (2011: £4,714m) with CRLs of £1,887m (2011: £2,073), impairment allowance of £1,060m (2011: £1,187m)
and CRL coverage of 56% (2011: 57%). Balances on early warning lists peaked in November 2010. The portfolio is kept under close review and
impairment recognised as appropriate;
 Net lending to the property and construction industry of £1,188m (2011: £1,866m) largely secured on real estate collateral, with CRLs of
£1,429m (2011: £1,664m), impairment allowance of £820m (2011: £810m) and CRL coverage of 57% (2011: 49%);
 Corporate impairment in Spain was at its highest level during the first half of 2010 when commercial property declines were reflected earlier in
the cycle; and
 £359m (2011: £488m) lending to multinational and large national corporates, which continues to perform.
Other retail lending
 £1,052m (2011: £1,115m) credit cards and unsecured loans. 30 days and 90 days arrears rates and charge-off rates in credit cards and
unsecured loans were broadly stable in 2012; and
 £1,045m (2011: £1,529m) lending to small and medium enterprises (SMEs), largely secured against residential or commercial property.
barclays.com/annualreport Barclays PLC Annual Report 2012 I 147