Last €4.13 EUR
Change Today +0.04 / 0.98%
Volume 2.1K
RBS On Other Exchanges
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As of 10:22 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

royal bank of scotland group (RBS) Snapshot

Open
€4.10
Previous Close
€4.09
Day High
€4.15
Day Low
€4.10
52 Week High
01/15/14 - €4.56
52 Week Low
03/14/14 - €3.51
Market Cap
47.4B
Average Volume 10 Days
5.9K
EPS TTM
--
Shares Outstanding
6.3B
EX-Date
08/12/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ROYAL BANK OF SCOTLAND GROUP (RBS)

royal bank of scotland group (RBS) Details

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Its UK Retail division offers a range of banking products and related financial services to the personal market serving customers through various channels, including a network of branches and ATMs in the United Kingdom, telephony, online, and mobile. The company’s UK Corporate division provides banking, finance, and risk management services to the corporate and SME sector in the United Kingdom through a network of relationship managers, and telephone and Internet channels. The product range includes invoice finance through the RBSIF brand and asset finance through the Lombard brand. Its Wealth division offers private banking and investment services, offshore banking services, and international private banking services. The company’s International Banking division focuses on financing, transaction, and risk management services. Its Ulster Bank division provides retail and commercial bank services, including loan and deposit products through a network of branches and direct channels, as well as services to businesses and corporate customers. The company’s US Retail & Commercial division offers financial services primarily through the Citizens and Charter One brands. This division is involved in retail and corporate banking activities through its branch network in 12 states in the United States and through non-branch offices in other states. Its Markets division provides debt finance, fixed income, and currencies to the corporate and institutional clients. This division is focused on its core fixed income capabilities across rates, foreign exchange, asset backed products, credit, and debit capital markets. The Royal Bank of Scotland Group plc was founded in 1727 and is based in Edinburgh, United Kingdom.

116,700 Employees
Last Reported Date: 05/13/14
Founded in 1727

royal bank of scotland group (RBS) Top Compensated Officers

Group Chief Executive Officer, Executive Dire...
Total Annual Compensation: 250.0K GBP
Member of Executive Committee, Head of RBS Am...
Total Annual Compensation: 570.0K GBP
Compensation as of Fiscal Year 2013.

royal bank of scotland group (RBS) Key Developments

Royal Bank of Scotland Group Plc Reports Divisional Reorganisation and Reporting Changes

Royal Bank of Scotland Group Plc (RBS, RBS.L) detailed on the changes to the RBS structure announced in February 2014 and includes restated financial results for the year 2013 on the basis of the new segments. The British lender is now structured to deliver its goals by organizing itself around the needs of its customers, so as to combine customer groups with similar needs into franchises able to deliver co-ordinated services. As a result, the reorganized bank would be a UK-focused retail and corporate bank with an international footprint to drive its corporate business. The earlier reported operating segments are currently realigned into 3 franchises namely Personal & Business Banking or PBB, Commercial & Private Banking or CPB and Corporate & Institutional Banking or CIB. In addition to these divisions, RBS would continue managing and reporting Citizens Financial Group (CFG) and RBS Capital Resolution (RCR) separately until disposal or wind-down. Residual unallocated costs would continue to be reported within Central items. The company said this realignment of prior reported operating divisions does not impact RCR. In the new reporting structure, US Retail & Commercial (US R&C) is now referred to as CFG and Wealth is now referred to as Private Banking. Further, RBS has implemented certain reporting changes to present a more complete picture of funding, operational and business costs of the franchises and operating segments. In order to enhance the transparency of the operating performance of the reporting units, numerous previously centrally reported items (Payment Protection Insurance costs, Interest Rate Hedging Products redress and related costs, regulatory and legal actions, Restructuring costs, amortisation of purchased intangible assets and bank levy) have now been allocated to the reporting segments. Accordingly, one-off and other items like own credit adjustments; Gain/(loss) on redemption of own debt; Write-down of goodwill; Strategic disposals and RFS Holdings minority interest would be now reported as central items. As part of its internal reorganisation, RBS has centralised all services and functions. The costs pertaining to Services and Functions previously reported as direct expenses in the divisions are currently reallocated to businesses using appropriate drivers and reported as indirect expenses in the segmental income statements. Additionally, the basis of allocation of Treasury costs has been amended to align the recovery of funding and hedging costs across RBS and for the transfer of certain assets and their associated costs out of Treasury.

Coutts’s Overseas Division Could Be Sold

The Royal Bank of Scotland Group plc (LSE:RBS) (RBS) is planning to sell Coutts & Co Ltd’s overseas operations. The possible sale would be part of a review of its wealth management services. According to the news report, business has offices in Hong Kong, Abu Dhabi, Qatar, Dubai, Geneva, Zurich and Monaco, which could be disposed. Financial Times quoted RBS as saying, “We announced in February that Coutts will sit within our commercial and private banking division, where we can better connect it with the successful entrepreneurs and growth businesses who are creating wealth. As part of the transition and integration of this business, we have been reviewing our private banking business so that it works for the benefit of our customers.”

RBS And Delancey To Sell Mander And East Kilbride Shopping Centres

The Royal Bank of Scotland Group plc (LSE:RBS) and Delancey Estates Ltd. are in exclusive talks to sell Mander shopping centre to Benson Elliot Capital Management for £50 million. RBS and Delancey have also put the £180 million East Kilbride shopping centre near Glasgow under offer to Orion Capital Managers, L.P. Savills is advising Royal Bank of Scotland and Delancey for East Kilbride. Cushman & Wakefield is acting for RBS and Delancey for Mander.

 

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RBS

Industry Average

Valuation RBS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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