Royal Bank of Scotland
Bank Information
| Bank Name |
Royal Bank of Scotland |
| Bank Short Name |
RBS |
| Bank Type |
Member Bank |
| Operating Country |
UK |
| Number of Domestic Branches |
2300+ |
| Number of non-domestic Branches |
1800+ mainly in US & Ireland |
| Euro |
EBA (Step 1 & 2), TARGET, Euro 1, EPC |
Registered Address
36 St Andrew Square
1 Redheughs Avenue
Edinburgh
EH2 2YB
Description
The Royal Bank of Scotland Group (RBS), founded in 1727, is the 3rd largest financial services group in Europe by market capitalisation and the 8th largest in the world. It is a broadly based financial services group with operations spanning retail banking, corporate and commercial banking, financial markets activities, wealth management and insurance. With an AA Credit Rating, RBS group has more than 30 million customers worldwide and total assets as of 31st December 2005 of £776 billion. Since 2000, the RBS group has made several acquisitions including the £21 billion acquisition of NatWest and the $10.1 billion acquisition of Charter One in the US. RBS has delivered double digit income growth every year for the last 5 years, and 42% of the group’s profits are generated outside the UK. The recent 2005 results (Operating Profit £8.25 billion) demonstrate the Group’s ability to sustain growth across a broad range of businesses.
Contact Information
Link to Royal Bank of Scotland WEB site www.rbs.co.uk
Profile
Corporate Banking
RBS is the leading financial solutions provider to large and medium sized businesses in the UK, providing for their short and long term needs in general banking, finance and risk management. It is increasingly also providing these services to large corporate customers throughout Europe. RBS is the UK's clear leader for corporate banking, handling the financial relationships of over one third of the UK's medium and large businesses. It offers a fully integrated approach to corporate banking. In addition to major relationship banking and payment business, it offers access to financial, capital and money markets around the world, and a comprehensive range of specialist products to more than 75,000 customers. These products include:
• Structured finance (including leveraged finance, project & export finance, property finance and loan syndications)
• Asset finance
• Equity finance
RBS dominates the UK payment business with its payment and trade operation handling 30 per cent of the UK's domestic payments.
Financial Markets
The Royal Bank of Scotland, Financial Markets provides specialist services in:
• Global foreign exchange
• Currency and structured derivatives
• Money markets
• Capital markets
These services are offered from the UK, Europe, the US and Asia to The Royal Bank of Scotland and NatWest international corporate and institutional client base. Financial Markets has been the clear market leader in Private Placements since 1993 and the No.1 in Sterling Interest Rate Swaps since 1993. It is the number one provider of FX and Interest Rate Derivatives in the UK. It has dealing relationships with over 200 of the FTSE 250 and 50 central banks; is a top 10 global participant in Foreign Exchange, currency options, money markets and Interest Rate Derivatives, and is a strong player in emerging markets.
Market Position
As at 3/2/2006, RBS had a market capitalisation of £56.6 billion, making it the 3rd largest banking group in Europe and the 8th largest in the world.
In the UK, RBS is the number 1 bank in terms of lending, deposits, payments, Credit Card processing, Asset Finance and Invoice Finance, and has a share of more than 30% of the UK corporate market.
Rating
|
|
Fitch |
S&P |
Moodys |
|
Long Term |
AA |
Aa1 |
AA+ |
|
Short Term |
A-1+ |
P-1 |
F1+ |
Membership of Clearings
CHAPS, BACS, Cheque and Credit Clearing
Euro
EBA (Step 1 & 2), TARGET, Euro 1, EPC