September 17, 2007 / 9:58 AM / 10 years ago

FACTBOX-Details from Northern Rock's balance sheet

 LONDON, Sept 17 (Reuters) - British bank Northern Rock
NRK.L is facing a run of withdrawals by customers who are
worried about the bank's financial health after the Bank of
England offered emergency funding on Friday.
 Northern Rock and its regulators say the bank is solvent and
are trying to restore calm among investors and customers. For
the latest news click on [ID:nL1710310].
 Here are some details from the bank's balance sheet at the
end of June, based on the company's last results:
 *The bank uses four sources for funding. Balances for each
segment were:
 --Retail 24.4 billion pounds (23.2 percent of total)
 --Securitisation 45.7 billion pounds (43.6 percent)
 --Non-retail 26.7 billion pounds (25.5 percent)
 --Covered bonds 8.1 billion pounds (7.7 percent).
 *The bank had total customer account liabilities of 30.1
billion pounds, consisting of retail balances of 24.4 billion
and other customer accounts of 5.8 billion. The breakdown of
customer account deposits is:
 --Branch accounts 5.6 billion pounds
 --Postal accounts 10 billion pounds
 --Internet accounts 4.1 billion pounds
 --Offshore accounts 3.8 billion pounds
 --Telephone accounts 441 million pounds
 --Legal & General branded accounts 464 million pounds
 *Bank liabilities totalled 110.1 billion pounds, including:
 --Customer accounts 30.1 billion pounds
 --Debt securities in issue 71 billion pounds
 --Deposits by banks 3.7 billion pounds
 --Derivative financial instruments 2.9 billion pounds.
 *Assets stood at 113.5 billion pounds, up 28 percent from a
year earlier. Assets included:
 --loans to customers 96.7 billion pounds
 --available for sale securities 8 billion pounds
 --derivative financial instruments 1.4 billion pounds
 --cash and balances with central banks 768 million pounds
 *Loans to customers totalled 96.7 billion pounds, including:
 --Advances on residential property subject to securitisation
49.8 billion pounds
 --Advances on residential property not subject to
securitisation 31.4 billion pounds
 --Buy-to-let loans subject to securitisation 110 million
 --Buy-to-let loans not subject to securitisation 6.1 billion
 --Commercial loans 818 million pounds
 --Unsecured loans 7.8 billion pounds
 --Unsecured investment loans 619 million pounds

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