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home.barclays/annualreport Barclays PLC Annual Report 2015 I 159
Exposure to UK Commercial Real Estate (CRE)
The UK CRE portfolio includes property investment, development, trading, and house builders but excludes social housing and contractors.
UK CRE summary
2015 2014
As at 31 December
UK CRE loans and advances (£m) 11,617 11,681
Past due balances (£m) 183 393
Balances past due as % of UK CRE balances (%) 1.6 3.4
Impairment allowances (£m) 99 100
Past due coverage ratio (%) 54.1 25.7
Total collateral (£m)a 27,062 25,205
Twelve months ended 31 December
Impairment charge (£m) 4 23
Maturity analysis of exposure to UK CRE
Contractual maturity of UK CRE loans and advances at amortised cost
As at 31 December
Past due
balances
£m
Not more
than
six months
£m
Over
six months
but not
more than
one year
£m
Over
one year
but not
more than
two years
£m
Over
two years
but not
more than
five years
£m
Over
five years
but not
more than
ten years
£m
Over
ten years
£m
Total loans
& advances
£m
2015 183 801 751 941 5,779 1,076 2,087 11,617
2014 393 838 839 1,287 4,161 1,939 2,224 11,681
Total loans and advances at amortised cost remained broadly stable at £11.6bn (2014: £11.7bn) with growth limited to high quality assets. The total
collateral increased by 7% to £27.1bn.
The UK CRE businesses operate to specific lending criteria and the portfolio of assets is continually monitored through a range of mandates and
limits. The improvement in the past due coverage ratio in 2015 was driven by the sale of three unimpaired real estate loans.
UK CRE LTV analysis
Balances
Balances as proportion
of total Collateral held
As at 31 December 2015
£m
2014
£m
2015
%
2014
%
2015
£m
2014
£m
Group
<=100% 9,045 9,011 78 78 26,927 25,036
>100% and <=125% 119 149 1 1 106 138
>125% 47 167 – 1 29 31
Unassessed balancesb 1,636 1,748 14 15 – –
Unsecured balances 770 606 7 5 – –
Total 11,617 11,681 100 100 27,062 25,205
Portfolio LTVs have reduced due to appreciating commercial property values. Unsecured balances primarily relate to working capital facilities granted
to CRE companies.
Notes
a Based on the most recent valuation assessment.
b Corporate Banking balances under £1m.
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