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

ROYAL BANK OF SCOTLAND GROUP

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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 | 11:11am EST
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 2019 13 086 M
EBIT 2019 5 600 M
Net income 2019 2 242 M
Debt 2019 -
Yield 2019 4,45%
P/E ratio 2019 13,54
P/E ratio 2020 8,54
Capi. / Sales 2019 2,28x
Capi. / Sales 2020 2,23x
Capitalization 29 820 M
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Technical analysis trends ROYAL BANK OF SCOTLAND GRO
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 2,95  GBP
Spread / Average Target 19%
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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 & Executive Director
Brendan R. Nelson Independent Non-Executive Director
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