Notes to the accounts
for the year ended 31 December 2007
18. Loans and advances to customers of Private Banking subsidiaries
| 2007 £mn |
2006 £mn |
|
|---|---|---|
| Loans and advances to customers of Private Banking subsidiaries | 623.0 | 688.3 |
| 2007 | 2006 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross £mn |
Provisions £mn |
Net £mn |
Gross £mn |
Provisions £mn |
Net £mn |
||||||
| Maturing/repricing (whichever is earlier) in: | |||||||||||
| Less than 1 year | 267.2 | (0.3) | 266.9 | 316.6 | (0.4) | 316.2 | |||||
| 1 - 2 years | 21.2 | - | 21.2 | 19.5 | - | 19.5 | |||||
| 2 - 3 years | 129.9 | - | 129.9 | 39.0 | - | 39.0 | |||||
| 3 - 4 years | 67.6 | - | 67.6 | 134.6 | - | 134.6 | |||||
| 4 - 5 years | 39.7 | - | 39.7 | 76.0 | - | 76.0 | |||||
| More than 5 years | 97.7 | - | 97.7 | 103.0 | - | 103.0 | |||||
| 356.1 | - | 356.1 | 372.1 | - | 372.1 | ||||||
| 623.3 | (0.3) | 623.0 | 688.7 | (0.4) | 688.3 | ||||||
A reversal of impairment of £0.1 million (2006: impairment charge of £0.2 million) has been credited to the income statement in relation to loans and advances to customers of Private Banking subsidiaries. Factors considered in determining whether impairment has taken place include how many days past the due date a receivable is, deterioration in the credit quality of a counterparty, and knowledge of specific events that could influence a debtor's ability to repay an amount due.