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44. Transactions with directors, officers and others

  1. At 31 December 2006, the amounts outstanding in relation to transactions, arrangements and agreements entered into by authorised institutions in the Group, as defined in UK legislation, were £284,031 in respect of loans to eight persons who were directors of the company (or persons connected with them) at any time during the financial period and £1,234 to one person who was an officer of the company at any time during the financial period.
  2. For the purposes of IAS 24 ‘Related Party Disclosures’, key management comprise directors of the company and members of the Group Executive Management Committee. The captions in the Group’s primary financial statements include the following amounts attributable, in aggregate, to key management:
Group
2006
£000		 2005
£000
Loans and advances to customers 2,188 3,090
Customer accounts 18,575 12,604

Key management have banking relationships with Group entities which are entered into in the normal course of business.

Key management had no reportable transactions or balances with the company except for dividends.

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The Royal Bank of Scotland Group  © 2007