News
News releases from around the RBS Group. You can filter by topic or search the news archive.
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Farmer becomes cheese producer with £1.3m dairy complex
17 Jun 2013 | no comments | News
A dairy farmer whose herd of Brown Swiss cows was wiped out by foot and mouth develops a new dairy complex and cheese processing plant with funding from RBS.
Golden age of entrepreneurs? Economics weekly
17 Jun 2013 | no comments | Economics
The UK labour market has weathered the storms thrown at it surprisingly well. This week we take a look at one aspect of its flexibility in particular – the vital role being played by self-employment – and ask, is this a golden age for entrepreneurs?
World Economy Barometer - a curate's egg
14 Jun 2013 | no comments | Economics
It's hard to read the runes of global business surveys this month. On the plus side activity is up. The UK and Japan performed well, with businesses reporting above trend activity.
Europe's biggest Teflon bakeware company expands with NatWest support
14 Jun 2013 | no comments | News
Europe's biggest supplier of Teflon coated bake and cookware expands its premises with a £560,000 loan from NatWest through the Funding for Lending Scheme.
500 rugby clubs benefit in NatWest RugbyForce makeover
13 Jun 2013 | no comments | Sustainability
Nearly 500 rugby clubs in England and Wales will benefit from a makeover this weekend as volunteers take part in NatWest RugbyForce.
Bank lending returns to normal says independent appeals reviewer
13 Jun 2013 | no comments | News
Banks now lend in a normal way, and lack of demand and a flat economy is the main cause of low levels of credit extended to small businesses.
Stephen Hester to leave RBS
12 Jun 2013 | 6 comments | News
The Board of Directors of the Royal Bank of Scotland Group plc (RBS) today announced that Stephen Hester will be stepping down as the Group’s Chief Executive later this year.
RBS spearheads refinancing programme for Peel Ports Group
12 Jun 2013 | no comments | News
A wave of new engineering apprentices will benefit from the development of the Liverpool2 container terminal.
Stamp auction house doubles sales with NatWest help
12 Jun 2013 | no comments | News
A specialist stamp dealer and international auction house defies the recession to double sales with funding support from NatWest.
Fifth of young people aim to set up social enterprise
10 Jun 2013 | no comments | Sustainability
RBS research shows a growing number of young people want to set up their own business or social enterprise.
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NatWest have been voted 'most trusted big bank' in @Moneywiseonline Consumer Opinion Poll
Ross McEwan CEO UK Retail says "We'll continue with our focus on putting the customer at the heart of everything we do"
Stephen Hester will be interviewed on Channel 4 News shortly
Thanks for everyone's patience during our media call just now - we're here throughout the night to answer any further questions.
Hester: “Over the coming months I will put all my effort into completing the recovery of RBS & building a strong customer-focused culture.”
Hampton: “Stephen will be leaving RBS in a vastly improved position that many would have thought impossible five years ago.”
Hampton: “I would like to thank Stephen for his leadership and dedication over the past five years…His achievements have been considerable.”
Full statement on the RBS board’s announcement on Stephen Hester available here: investors.rbs.com/news-item?item…
Video: Stephen Hester speaks about his time at RBS... rbsgroup.kuluvalley.com/view/xlkt28V0H…
Video: RBS chairman Sir Philip Hampton pays tribute to Stephen Hester’s achievements during his time at RBS… rbsgroup.kuluvalley.com/view/rhxfBxRyd…
Stephen Hester will be stepping down as RBS chief executive later this year. Details to follow.
(3/3) There’s more on this story and the RBS Women in Business initiative on our website: rbs.com/news/2013/06/r…
The plan devised by govt & banking industry encourages women entrepreneurs to ask for the financial help they need for their businesses…
RBS welcomes UK Government plans to provide women with the support and confidence they need to apply for business finance…(1/3)
RBS has allocated £3.6bn of discounted loans to over 22,000 SMEs through the Funding for Lending Scheme – saving them approximately £70m.
RBS business lending has increased by £600m in Q1 2013 – our strongest performance since the FLS was launched.
RBS has increased bank lending to the real economy by nearly £1bn in Q1 2013 of the Funding for Lending Scheme (FLS).
S&P has specifically highlighted that this is an industry action and does not reflect a deterioration in RBS's individual creditworthiness."
"We note S&P's decision to place the UK banking sector on negative outlook and the resultant change of outlook on RBS's long-term rating."mf
RBS statement re Standard & Poor's ratings action this evening to follow...
RT @RBS_Help: Sorry if you had trouble getting into Mobile Banking,our service is returning to normal. Please let us know if you have any f…
We are sorry customers are experiencing problems with our mobile banking app. We are working to restore service
RT @EvanHD: Tonight. BBC2. 9pm. "Bankers". New three part series about florists. Not really -- it's about bankers. And it's been well-revie…
Tonight at 9 on BBC 2 Philip Hampton and Susan Allen from RBS discuss culture in the banking sector: tinyurl.com/d4d5xgc
For an at-a-glance summary of today's Q1 financial results statement, please see our factsheet: rbs.com/content/dam/rb…
Watch RBS chairman, Sir Philip Hampton, talking about the bank's Q1 results, published today: rbsgroup.kuluvalley.com/view/PYRdyd0gp…
Philip Hampton talks about Q1 performance, lending, customer focus and privatisation rbs.com/news/2013/05/q…
Group impairment losses fell by 26% to £1bn from £1.4bn at Q4 (that £1bn is made up of £600m from the Core bank and £433m from Non-Core).
We continue to make progress in running down Non-Core assets, which fell by £5bn in Q1 to £53bn, dn by £205bn since we began restructuring.
We lent £13.2bn to UK businesses in Q1, of which £7.8bn was to SMEs. Core net lending to SMEs rose by 1% from Q4.
Our capital position strengthened further during Q1, with Core Tier 1 ratio up by 50 basis points to 10.8%, 8.2% fully loaded for Basel III
RBS reports Q1 profit before tax of £826m - up from a loss of £1,514m in Q1 last year rbs.com/news/2013/05/q…
We will report RBS financial results for the first quarter of 2013 at 7am today and tweet headline numbers here.
RT @RBS_CSR: #rbs tops the charts on UK renewables project lending again, and comes close in the US bit.ly/YrKxrr #renewables # ...
Those contact numbers for retail customers... NatWest: 08457888444 RBS: 08457242424 Ulster Bank in NI: 0800231232 UB in ROI: 1800205100
Any customer who was left out of pocket due to this outage should get in touch so we can put things right for them.
Problem was caused by a hardware fault unrelated to the issues experienced last summer and was much easier to fix, altho still unacceptable.
Between roughly 9-11pm customers were not able to access online banking and also had problems with ATM use and point-of-service payments.
All systems are up and running as normal, though any customers with any individual problems should get in touch with us so we can help.
We apologise for any disruption our customers experienced last night.
RBS accounts for 36% of all SME lending in the UK, compared to our overall market share of 24%.
In the first six months of the Funding for Lending scheme, RBS's Core bank has increased net lending to the real economy by more than £1bn.
16,000 RBS small business customers have so far saved an estimated £50m on the cost of loans through the Funding for Lending scheme.
Here's a summary of some of the key stats from our 2012 full year results rbs.com/content/dam/rb…
Over the last year we restructured more than 857 customer companies, safeguarding 163,000 jobs. That’s double Marks & Spencer's workforce
Last yr we provided more than 1/3 of SME lending, punching above our market-share weight. We help almost 1/5 new UK business start ups
Pre-2008 we didn’t focus properly on what our UK customers needed. Back then, we provided 1/50 new mortgages in the UK. We now provide 1/10
We have reduced our balance sheet by £900bn, the equivalent of selling every house in Manchester, Glasgow & Birmingham three times over
Key 2012 milestones: repaid emergency liquidity support, floated Direct Line Group, exited UK govt’s Asset Protection Scheme with no claims
Our loan-to-deposit ratio reached 1:1 a yr ahead of plan. RBS loan book is now funded entirely by deposits, a key symbol of our recovery
Pre-tax loss of £5.16bn includes past conduct charges of £1.1bn for PPI settlements, £700m for interest rate swaps and a £381m LIBOR fine
Operating profit was £3.5bn, the largest op profit since our turnaround plan began, up 90% on 2011 and £11.7bn higher than our loss in 2008
We’ve just posted our 2012 financial results, which demonstrate important progress in the RBS recovery plan rbs.com/news/2013/02/a…
RBS Group Chairman Philip Hampton will be doing a live webchat with @guardian at 12:30 today. Post your questions here: gu.com/p/3dtpv/tw
RT @jilltreanor: Libor-rigging scandal: post your questions for RBS chairman gu.com/p/3dtpv/tw via @guardian
RBS CEO Stephen Hester has just explained to 5000 RBS employees worldwide, via conf call, how the company will learn the lessons of LIBOR.
In this financial year NatWest and RBS have made more Enterprise Finance Guarantee loans than the other major high street banks combined.
NatWest and RBS have provided over 40% of all loans to date under the Enterprise Finance Guarantee Scheme
RBS has used Funding for Lending scheme to cut interest rates by up to 1.7% and offer fee free SME loans– no other bank is doing this.
To send a clear message that we’re open for business, RBS will continue to reduce interest rates for 1st time buyers and biz through FFL.
There is a further £1.3 billion of Funding for Lending business loans in the pipeline that customers have yet to draw down.
RBS core bank net lending to the real economy has increased by £412m since Funding for Lending scheme was launched.
For full details of our Q3 results please see the full Interim Management Statement investors.rbs.com/financial_resu…
The Group's capital position remains strong: Core Tier 1 ratio is 11.1% (up from 10.6% at start of yr).
The Group’s loan-to-deposit ratio further improved to 102% (it was 154% at the worst point in 2008).
Group impairment losses fell to £1.2bn, down 12% compared to Q2 and down 23% year-on-year.
Non-Core assets fell by another £7bn during Q3 to £65bn. Non-Core operating losses fell by £282m to £586m
Core (i.e. what will be the "new" RBS) Q3 operating profit was up 8% in the quarter to £1.6bn.
RBS has today reported a Q3 2012 Group operating profit of £1.0bn up from £2m last year.
By end of 2015, RBS will help an additional 100k young people in the UK explore enterprise, develop their skills & start up in business.
According to new research for RBS, 60% of 18-30yr olds aim to start a biz but only 8% of them are actually in the process of doing so.
RBS Inspiring Enterprise is a series of new measures intended to inspire, enable, and support more people to start and succeed in business.
RBS chief executive Stephen Hester visited Liggy’s Cake Company in Edinburgh today, where he launched RBS Inspiring Enterprise.
In addition to interest rate cuts of up to 1.7% for SMEs, RBS is the only bank to abolish arrangement fees through the FfL scheme.
We were first to launch the Funding for Lending scheme, making loans available from 1st August through RBS and NatWest.
RBS announced today it has made more than £1bn of discounted loans available through the Funding for Lending scheme, saving SMEs over £20m.
From today, RBS/NatWest are offering fee-free new-build mortgages in Scotland: 2 yr fixed 4.49% 95% loan to value, 5 yr fixed 4.79%
We're offering our lowest ever 5-year fixed rate loan for 1st-time buyers with a 10% deposit, or as little as 5% under govt’s Newbuy scheme.
RBS/NatWest were first to use FfL scheme to cut costs for first time buyers, and help reduce rents for people saving for their first home.
No other bank offers interest rate cuts of up to 1.6%, or is abolishing arrangement fees on loans for SMEs through the FfL scheme.
RBS is also reducing rates for mid-sized manufacturers to help boost growth through the Funding for Lending scheme.
RBS/NatWest are offering the best terms on the high street for loans through the Funding for Lending Scheme, saving SMEs £4,000 on average.
Congratulations @andy_murray on a brilliant US Open win. To think, it all started as child's play @judmoo ... set4sport.com
Set4Sport.com details a range of activities, ball skills & exercises @judmoo played with her sons Andy & Jamie when they were kids.
As @andy_murray prepares for tonight's US Open final, you can see how he developed sporting skills from an early age at set4sport.com
RT @stu_fraser: On this the first day back to school for Scottish children since Olympics, every P1-P4 should get a copy of the Set4Spor ...
RT @judmoo: Cabbing it to BBC to do breakfast. The show, I mean. Talking Olympic legacy + getting parents/kids active at home thru http: ...
Stephen Hester: "Regardless of ownership, RBS is trying to lend as much as we prudently can. We're biggest corp lender in UK."
Significant liquidity buffer of £156bn, more than 2.5 x our short-term wholesale borrowings, which are down by £40bn to £62bn #RBSResults
RBS Group’s loan-to-deposit ratio further improved to 104%. At its worst point (2008) this was 154% and we’re aiming for 100% #RBSResults
Group impairment losses fell again in the first half of the year, down £1.5bn from the same period last year to £2.6bn. #RBSResults #RBS