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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<strong>Irish</strong> <strong>Bank</strong> <strong>Resolution</strong> <strong>Corporation</strong> LimitedAnnual Report & Accounts <strong>2011</strong>The Group2010Business OtherCommercial Residential <strong>Bank</strong>ing Lending Total€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)Total186 72 - 2 260- - - - -392 58 - - 450578 130 - 2 710434 43 3 34 514688 237 - 54 9791,700 410 3 90 2,203(392) (127) - (46) (565)1,308 283 3 44 1,638(15)1,623Provisions <strong>for</strong> impairment on loansclassified as held <strong>for</strong> saleThe Group2010Business OtherCommercial Residential <strong>Bank</strong>ing Lending Total€m €m €m €m €mAt beginning of year 5,841 2,814 180 1,285 10,120Charge against profits 1,664 665 11 343 2,683Write-offs (8) (11) - - (19)Unwind of discount (150) (75) (2) (18) (245)Exchange movements 30 21 9 9 69Net transfers (to)/from loans andadvances to customers andsectoral reclassification(130) (95) (22) 62 (185)Released on disposal of assetsto NAMA (note 14) (6,855) (3,192) (176) (1,635) (11,858)At end of year 392 127 - 46 565Specific 392 127 - 46 565Total 392 127 - 46 565119
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