Royal Bank of Scotland was founded in 1727 in Edinburgh. Later, it went on to become one of the largest bank in Scotland.
Royal Bank of Scotland is centred in United Kingdom and Ireland, focusing on providing their customers the best possible service, and it serves customers in Africa, Asia, Middle East and North America apart from European market. Royal Bank of Scotland believes its success of customers and communities makes them succeed in their business.
In order to provide the service to the customers, Royal Bank of Scotland wants to become Stronger which is underpinned by resilient technology platform and capital strength, Simpler by reducing costs and improving efficiency and Fairer with an ambition to grow small business and become a bank with clear and upfront. Royal Bank of Scotland has opened four Entrepreneur Hubs across United Kingdom to enable entrepreneurs and small businesses to access free office space, mentoring and financial support. It has also planned to open five more hubs in 2016. The commercial bank has issued 12,500 statements of appetite letters to their customers which offers new borrowing facilities of up to 8 bn Euro.
Royal Bank of Scotland has been consistently striving to strengthen and reshape the balance sheet and building on a strong track record of delivery. It has reduced 32% Risk-weighted assets (RWAs) which includes the disposal of citizen’s Financial group and accelerated run-down of capital resolution. Commercial banking adjusted operating profit was declined by 6% at 1384 mn Euro which was primarily driven by marginal fall in income reflecting margin pressure and a Q4 loss of 34 mn Euro on the sale of non-strategic asset portfolios. Royal Bank of Scotland has planned a 3.5 bn Euro IT investment during the period of 2015 to 2017.