IBRC annual report for 2011 - Irish Bank Resolution Corporation ...

Irish Bank Resolution Corporation LimitedAnnual Report & Accounts 2011Aged analysis of loans and advances to customers past due but not impairedThe following tables present an analysis of loans and advances to customers where contractual interest or principal paymentsare past due but impairment is not appropriate as the level of collateral and the present value of estimated future cash flowsavailable to the Group is sufficient.Past due 1 to 30 daysThe Group2011Business Residential OtherCommercial Residential Banking Mortgages Lending Total€m €m €m €m €m €m424 18 74 49 33 598Past due 31 to 60 days23 36 - 25 11 95Past due 61 to 90 days66 1 36 75 2 180Past due 91 days and over1,403 327 55 96 269 2,150Total 1,916 382 165 245 315 3,023The Group2010Business OtherCommercial Residential Banking Lending Total€m €m €m €m €mPast due 1 to 30 days1,162 129 287 57 1,635Past due 31 to 60 days502 4 1 7 514Past due 61 to 90 days329 18 4 26 377Past due 91 days and over1,370 233 125 1,142 2,870Total 3,363 384 417 1,232 5,396The ageing of past due balances has continued to deteriorate during the period. Key contributing factors include the continueddifficult macroeconomic environment and a tightening of the Bank's credit policy in relation to facilities at renewal date,particularly on those facilities where interest was being capitalised on customer loan balances.115