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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Royal Bank of Scotland Group    RBS   GB00B7T77214

ROYAL BANK OF SCOTLAND GROUP (RBS)
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Royal Bank of Scotland : RBS prepares for Brexit move of billions of pounds of assets

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12/06/2018 | 05:11pm CET
FILE PHOTO:  The logo of Royal Bank of Scotland is seen at office building in Zurich

LONDON (Reuters) - Royal Bank of Scotland is advancing plans to move billions of pounds worth of assets to the Netherlands next March if Britain crashes out of the European Union without a deal.

The state-controlled bank said it had applied to the courts to move 6 billion pounds of assets and 7 billion pounds of liabilities to its Dutch subsidiary NatWest Markets N.V.

The transfer of all the assets and liabilities will take place in March unless a deal is reached with the EU, and then could "be more gradual and subject to further political developments", the bank said.

The proposed plan impacts about 30 percent of NatWest Markets' customers who are located in the European Economic Area.

(Reporting by Iain Withers, Editing by Lawrence White)

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Financials (GBP)
Sales 2018 13 223 M
EBIT 2018 5 393 M
Net income 2018 1 516 M
Debt 2018 -
Yield 2018 3,22%
P/E ratio 2018 15,82
P/E ratio 2019 11,27
Capi. / Sales 2018 1,92x
Capi. / Sales 2019 1,93x
Capitalization 25 410 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 3,01  GBP
Spread / Average Target 43%
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Managers
NameTitle
Ross Maxwell McEwan Chief Executive Officer & Executive Director
Howard John Davies Chairman
Mark Bailie Chief Operating Officer
Katie Murray Chief Financial Officer
Brendan R. Nelson Independent Non-Executive Director
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