Home Business NewsBusinessBanking News RBS set to be renamed

RBS set to be renamed

by LLB Editor
14th Feb 20 9:42 am

New RBS chief executive Alison Rose has used its 2019 results to set out a new strategy including a plan to rename the bank after its biggest brand NatWest.

Royal Bank of Scotland has reported profits of £3.1bn for 2019, nearly double the £1.6bn in 2018. It also announced a dividend of 8 pence for the fourth quarter.

Ms Rose intends to cut down under-performing investment bank NatWest Markets by reducing its risk weighted assets from £38bn to £20bn.

The bank also pledged to “at least” halve the climate impact of its financing activity by 2030.

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