Barclays 2014 Annual Report Download - page 172

170 I Barclays PLC Annual Report 2014 barclays.com/annualreport
Risk performance
Credit risk
Risk review
Wholesale forbearance reporting split by exposure class
Corporate
£m
Personal
and trusts
£m
Other
£m
Total
£m
As at 31 December 2014
Restructure: reduced contractual cash flows 180 – – 180
Restructure: maturity date extension 600 79 4 683
Restructure: changed cash flow profile (other than extension) 335 25 4 364
Restructure: payment other than cash 7 9 – 16
Change in security 17 – – 17
Adjustments or non-enforcement of covenants 383 53 – 436
Other (e.g. capital repayment holiday; restructure pending) 607 175 1 783
Total 2,129 341 9 2,479
As at 31 December 2013
Restructure: reduced contractual cash flows 281 – – 281
Restructure: maturity date extension 1,164 65 55 1,284
Restructure: changed cash flow profile (other than extension) 579 25 5 609
Restructure: payment other than cash 23 1 – 24
Change in security 27 – – 27
Adjustments or non-enforcement of covenants 410 96 – 506
Other (e.g. capital repayment holiday; restructure pending) 546 107 1 654
Total 3,030 294 61 3,385
Wholesale forbearance reporting split by business unit
Personal &
Corporate
Banking
£m
Investment
Bank
£m
Africa
Banking
£m
Barclays
Non-Core
£m
Total
£m
As at 31 December 2014
Restructure: reduced contractual cash flows 125 – 1 54 180
Restructure: maturity date extension 314 72 78 219 683
Restructure: changed cash flow profile (other than extension) 178 2 49 135 364
Restructure: payment other than cash 13 – – 3 16
Change in security 11 – – 6 17
Adjustments or non-enforcements of covenants 329 – – 107 436
Other (e.g. capital repayment holiday; restructure pending) 620 32 4 127 783
Total 1,590 106 132 651 2,479
As at 31 December 2013
Restructure: reduced contractual cash flows 105 1 8 167 281
Restructure: maturity date extension 315 368 103 498 1,284
Restructure: changed cash flow profile (other than extension) 209 22 44 334 609
Restructure: payment other than cash 11 – – 13 24
Change in security 11 – 1 15 27
Adjustments or non-enforcements of covenants 370 41 1 94 506
Other (e.g. capital repayment holiday; restructure pending) 519 44 2 89 654
Total 1,540 476 159 1,210 3,385
Wholesale forbearance flows in 2014
Balance
£m
As at 1 January 2014 3,385
Added to forbearance 1,142
Removed from forbearance (credit improvement)a (343)
Fully or partially repaid and other movements (1,490)
Written off/moved to recoveries (215)
As at 31 December 2014 2,479
Wholesale forbearance decreased 27% to £2,479m with an impairment coverage ratio of 21% (2013: 26%). Personal & Corporate Banking
accounted for the largest portion with 64% (2013: 45%) of total balances held as forbearance.
Note
a Refer to sustainability of loans under forbearance in Barclays PLC Pillar 3 report for more information.