Summary of Group results
Our divisions
* Before impact of market dislocation and excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy and Goodwill impairment. Also excludes central group items.
Profit analysis by division
| 2008 |
2007† |
Change |
||
|---|---|---|---|---|
| UK Retail Banking |
1,793 |
1,720 |
4 |
|
| Insurance and Investments |
911 |
748 |
22 |
|
| Wholesale and International Banking |
||||
| – Before impact of market dislocation |
1,544 |
1,580 |
||
| – Impact of market dislocation |
(1,270) |
(280) |
||
274 |
1,300 |
(79) |
||
| Central group items |
(552) |
(12) |
||
| Profit before tax†† - continuing businesses |
2,426 |
3,756 |
(35) |
|
| Volatility |
||||
| – Insurance |
(746) |
(277) |
||
| – Policyholder interests |
(471) |
(222) |
||
| Discontinued businesses |
– |
162 |
||
| Profit on sale of businesses |
– |
657 |
||
| Provision in respect of certain historic US dollar payments, provision for Financial Services Compensation Scheme levy and goodwill Impairment |
(402) |
– |
||
| Settlement of overdraft claims |
– |
(76) |
||
| Profit before tax - statutory |
807 |
4,000 |
(80) |
|
| Earnings per share |
14.3p |
58.3p |
(75) |
|
†Restated, see Summarised segmental analysis.
††Excluding volatility, a provision in respect of certain historic US dollar payments, a provision for the Financial Services Compensation Scheme levy, goodwill impairment; and, in 2007, results of discontinued businesses, profit on sale of businesses and the settlement of overdraft claims.
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