The Royal Bank of Scotland (RBS) was initially incorporated in 1727 in Edinburgh (Scotland). RBS is focused on providing retail, private, corporate and investment banking products and services to its customers in the United Kingdom as well as continental Europe and the United States.
In 2017 total assets of The Royal Bank of Scotland plc were 633,13 bln GBP. In 2017 the bank's net income was -44,00 mln GBP.
The Royal Bank of Scotland plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).
The Royal Bank of Scotland plc participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.
The Royal Bank of Scotland plc is headquartered in Edinburgh.
|Total Assets (2017)|
|633.13 bln GBP (-20.73%)|
In 2017 total assets of The Royal Bank of Scotland plc were 633.13 bln GBP. Decline compared to the previous period (2016) was -20.73%. The evolution of the total assets of The Royal Bank of Scotland plc is shown at Chart 1 below.
Chart 1. Total Assets of The Royal Bank of Scotland plc.
|Net Income (2017)|
|-44 000 000.00 GBP (-99.08%)|
In 2017 net income of The Royal Bank of Scotland plc was -44 000 000.00 GBP. Decline compared to the previous period (2016) was -99.08%. The evolution of the net income of The Royal Bank of Scotland plc is shown at Chart 2 below.
Chart 2. Net Income of The Royal Bank of Scotland plc.
|BBB+ (good credit quality)||Baa2 (lower medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. The Royal Bank of Scotland plc is rated by Fitch and Moody's.
Credit ratings assigned to The Royal Bank of Scotland plc as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for The Royal Bank of Scotland plc it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for The Royal Bank of Scotland plc is set to F2 (good short-term credit quality).
|Long-Term Issuer Default Rating||BBB+|
|Short-Term Issuer Default Rating||F2|
|Support Rating Floor||-|
Viability rating for The Royal Bank of Scotland plc is not set support rating is 2 (high probability of external support); support rating floor is not set.
Long-term rating for The Royal Bank of Scotland plc it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Baseline credit assessment is ba2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Baa2|
|Baseline Credit Assessment||ba2|
Outlook for the ratings of The Royal Bank of Scotland plc is set to stable (not likely to change).
|Yes (up to 85 000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.
In the case of The Royal Bank of Scotland plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||85 000 GBP|
|Paid In Currency||GBP|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of The Royal Bank of Scotland plc and its components are shown in the table below.
|Bank BIC Code||RBOS|
|Country Code||GB (United Kingdom)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of The Royal Bank of Scotland plc is shown in the table below.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
The Royal Bank of Scotland plc operates under the brand name Royal Bank of Scotland. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under Royal Bank of Scotland brand name has been recently closed down: