RBS 2003 Annual Report Download - page 77
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75
Operating and financial review
Annual Report and Accounts 2003
Divisional performance
The contribution of each division before goodwill amortisation and integration costs and, where appropriate, Manufacturing costs is
detailed below.
2003 2002 2001
£m £m £m
Corporate Banking and Financial Markets* 3,620 3,261 3,080
Retail Banking 3,126 3,019 2,807
Retail Direct 873 701 551
Manufacturing* (1,875) (1,762) (1,646)
Wealth Management* 438 454 481
RBS Insurance 468 355 261
Ulster Bank 273 244 229
Citizens 857 766 501
Central items (629) (587) (486)
Profit before goodwill amortisation and integration costs 7,151 6,451 5,778
* Prior periods have been restated to reflect the transfer in 2003 of certain activities from Corporate Banking and Financial Markets and Wealth Management to Manufacturing.
The performance of each of the divisions is reviewed on pages 76 to 87.