IBRC annual report for 2011 - Irish Bank Resolution Corporation ...
IBRC annual report for 2011 - Irish Bank Resolution Corporation ...
IBRC annual report for 2011 - Irish Bank Resolution Corporation ...
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Notes to the financial statements continued50. Risk management continuedCredit risk continuedLoans classified as held <strong>for</strong> saleAsset quality - profile of loans classified as held <strong>for</strong> saleThe Group<strong>2011</strong>Business Residential OtherCommercial Residential <strong>Bank</strong>ing Mortgages Lending Total€m €m €m €m €m €mGood qualitySatisfactory qualityLower quality but not past dueor impairedTotal neither past dueor impairedPast due but not impairedImpaired loansProvisions <strong>for</strong> impairmentLess:Lending to policyholders in respectof investment contracts (note 40)Total7 - - - - 765 - - - - 65- - - - - -72 - - - - 7231 - - - - 3183 193 - - - 276186 193 - - - 379(83) (20) - - - (103)103 173 - - - 276(14)262Provisions <strong>for</strong> impairment on loans The Groupclassified as held <strong>for</strong> sale<strong>2011</strong>Business Residential OtherCommercial Residential <strong>Bank</strong>ing Mortgages Lending Total€m €m €m €m €m €mAt beginning of year 392 127 - - 46 565Acquired under the INBSTransfer Order 73 163 - 4 96 336Charge against profits 9 18 4 - 3 34Write-offs (49) (7) - - - (56)Unwind of discount (9) (6) - - (1) (16)Exchange movements 18 4 - - (1) 21Net transfers from/(to) loans andadvances to customers andsectoral reclassification742 144 22 (4) 34 938Net release on disposal of assetsto NAMA (note 14) (80) (174) (4) - (129) (387)Release on loan asset sales(note 15) (1,013) (249) (22) - (48) (1,332)At end of year 83 20 - - - 103Specific 83 20 - - - 103Total 83 20 - - - 103118
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