The Royal bank OF Scotland (RBS) is a major bank with seat, acting world-wide, in Edinburgh. It is (conditions January 2006) regarding the market capitalization largest Finanzinstitut of Scotland, the second largest of Great Britain, the third biggest of Europe and the seventh-largest of the world. The executive committee is led since 2000 by Sir Fred Goodwin, supervisory board chairmen is for April 2001 Sir George Mathewson.

History

18. and 19. Century

Those already since 1695 existing bank OF Scotland was allowed to assign only with agreement of the Scottish parliament credits to the state. In order to meet resistances by the parliament, in the year 1727 the RBS was created by royal decree. 1728 were introduced of it, as first bank of the world, the overdraft. In the following scarcely 15 years it came between both banks to a hard displacement competition, which however none could decide for itself. Beginning of the 1780er years began to expand the RBS and opened addresses in completely Scotland.

This sat down during whole 19. Century away, whereby it came also to the first assumptions of other institutes.

In the year 1826 the RBS brought the first reciprocally printed on notes in circulation.

20. Century

Into the 1920er years came it to a consolidation of the British Bankenmarktes, in which the RBS was considerably involved. By further assumptions after that 2. World war became the RBS the largest Scottish bank and controlled nearly 50% of the Scottish market. The 1980er years was coined/shaped by the development of new products like insurance and of investments in the USA, at the same time several assumption attempts by other banks was e.g. repelled. Into the 1990er years deliberated itself the bank more upon the British market, forced the private customer business and was outrider in the telephone and on-line Banking. By Joint ventures with the supermarket chain Tesco and the Virgin Group were walked on new selling ways.

21. Century

In the meantime the fifth-largest bank in Great Britain, followed that in the year 2000 the hostile takeover national Westminster bank (NatWest). Had preceded end of 1999 the assumption attempt of a British insurer by the NatWest, which was regarded in the banking as wrong strategy. This arranged the bank OF Scotland to an assumption offer in relation to the NatWest at a value of 21 billion Pound, which called again the RBS on the plan. In February 2000 it had pulled sufficient institutional investors of the NatWest on its side, so that the assumption came for 21 billion Pound to conditions. Thus the RBS created itself suddenly an entrance to the American and continental-European markets, in which she was not particularly strongly represented to date.

In August 2005 a strategic partnership with the bank OF China (BOC) was agreed upon, the second largest Chinese bank. In the context of the agreement bought the RBS 10% the BOC for 3.1 billion US Dollar and a supervisory board member will place.

On 14 September 2005 by the British queen Elizabeth II the new headquarters of the RBS in Gogaburn, to the west of Edinburgh, was opened what was to accept the coworkers momentarily distributed on numerous locations in the city. In the British press in the connection occasionally over the chairmen of the board Fred Goodwin made itself merry, since he could be built allegedly a private bridge to the airport, in order to escape back-up.

The RBS is one of the main sponsors of the Williams F1-Teams.

Persons

In the course of the time the persons at the point of the bank had different designations: Cashier, general manager, Managing Director, Chief Executive.

Notes

Similarly, as it was usual in Germany into the 1920er years for several private issuing banks, then OF Scotland, have the Clydesdale bank and the Royal bank OF Scotland the right to spend own notes to today among other things the bank. The notes are expressed in Scottish Pound, have a rate of exchange from 1:1 to the Pound of Sterling and are official currency in Scotland. With pressure and expenditure of the notes the defaults of the bank OF England are relevant.

See section Related links for illustrations of the RBS notes.

Articles in category "Royal bank OF Scotland"

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Related Websites

We found here 3 related websites.

• RBS: Small Business
  At The Royal Bank of Scotland we understand how important your business is to you. Whether you are established or just starting out, our Business ...


• Richards Buell Sutton
  Welcome to The Royal Bank of Scotland Group Site. Additional text has been added to aid users who may be using screen readers to view this site. ...


• Royal Bank of Scotland
  Royal Bank of Scotland (RBS) offers various personal, business & corporate banking to meet all your banking needs.