Royal
Bank of Scotland Company Information
About
The Royal Bank of Scotland Company
Royal
Bank of Scotland Group was founded in 1727 and is now one of Europe’s
leading financial services groups. By market capitalisation on 7
March 2003, it was the second largest bank in the UK and in Europe
and ranked fifth in the world. During March 2000, The Royal Bank
of Scotland Group completed the acquisition of NatWest in a £21
billion deal that was the largest takeover in British banking history.
The
then enlarged Royal Bank of Scotland Group had a market capitalisation
of £40.5 billion on 7 March 2003, compared with £19.7
billion immediately after the takeover took place.
Royal
Bank of Scotland has more than 20 million UK personal customers,
2,287 UK branches and total assets at 31 December 2002 of £412
billion. The Group now employs over 111,000 staff worldwide
In addition
to the provision of a full range of banking services under The Royal
Bank of Scotland and NatWest brands, the Group also includes other
organisations that are well known in financial circles:
- Ulster
Bank in Northern Ireland, also have a very strong presence in
the Republic of Ireland.
- Lombard,
is one of the world's leading asset finance companies.
- Direct
Line, one of the major direct motor insurance operators in the
UK and Europe and a leading provider of financial services via
telephone.
- Coutts
Group, the international operator in the private banking sector,
managing the portfolios of 70,000 wealthy customers through its
38 offices throughout the world.
- Citizens
Financial Group, based in Rhode Island (USA), the second largest
bank in New England. Citizens extended its presence to the states
of Pennsylvania, Delaware and New Jersey following the acquisition
of the regional retail and commercial banking operations of Mellon
Financial Corporation in December 2001.
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