Royal Bank of Scotland – Understanding our brands


Royal Bank of Scotland – Understanding our brands

'Understanding our brands’ is a series of articles providing an overview of each of our brands. Here we look at Royal Bank of Scotland.

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24 November 2016

The bank opened its second branch in Glasgow in 1783.

 

Founded in Edinburgh in 1727, Royal Bank of Scotland was Scotland's second bank. It has grown to employ almost 12,000 people, serves 1.8m personal customers and more than 110,000 business customers.

The bank opened its second branch in Glasgow in 1783 and went on to play a major role in supporting the industrial expansion of Glasgow and the west of Scotland.

Royal Bank of Scotland is also known for its long history of being innovative: it granted the world's first overdraft in 1728, was the first clearing bank to offer house purchase loans in 1972 and launched the first mobile banking app in 2011.

 

Since 2011, Royal Bank has been encouraging its employees and customers to raise money for STV Children's Appeal which works to help one in five children in Scotland who are affected by poverty. To date, Royal Bank staff and customers have raised £700,000 for the charity.

This year the bank unveiled its new £5 and £10 banknotes. Made of polymer, the designs celebrate Scottish nature and feature notable Scottish women. The bank has issued banknotes ever since its foundation and produced Europe's first multi-coloured banknote (1777) as well as Britain's first double-sided note (1826).


History of logo

The 'daisy wheel' dates back to 1969 and is made up of stacks of coins to represent the accumulation and concentration of wealth in customers' interests.

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