RBS 2006 Annual Report Download - page 17

RBS Group • Annual Report and Accounts 2006
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UK Corporate Banking (UKCB)
■UKCB has over 90,000 customers and over 8,500
employees. UKCB’s approach to relationship management
provides customers with access to the resources of one
of the world’s largest financial groups through a local point
of contact.
■UKCB works closely with GBM to provide specialist
products and distribution for larger clients.
■We have made significant investment in additional
international trade services and specialists to help our
UK customers to trade in international markets.
■2006 has seen strong growth in both lending and
deposits across UKCB, reflecting the successful growth
of our customers’ businesses.
■Commercial Banking serves customers with turnover
between £1 million and £25 million. It operates under the
Royal Bank of Scotland and NatWest brands and is the
No 1 commercial relationship bank in the UK, with just
under 1,000 relationship managers.
■Corporate Banking is the UK’s No 1 bank for businesses
with turnover in excess of £25 million, and operates in the
UK and offshore. It offers a combination of dedicated
relationship directors and specialist sector teams. Corporate
Banking continues to be a market leader in the provision
of funding and risk management products to mid-market
corporate customers in the UK.
■RBS Invoice Finance is a leading invoice finance provider
in Europe with over 8,000 clients. It operates from 25 locations
across the UK and continental Europe. Both the French and
German businesses now trade under the RBS Group brand.
■Lombard is the UK’s leading provider of finance and
leasing facilities for business assets. It has a comprehensive
network of business centres across the UK and Ireland as
well as specialist units for the aviation, corporate, marine,
technology services and vehicle management markets.
Examples of UKCB client transactions
■RBS was instrumental in assisting Mitchells & Butlers,
the pub and restaurant operator, to relever its asset portfolio,
involving transactions totalling more than £2 billion. This
allowed it to refinance existing debt, fund a strategically
important acquisition and make a substantial cash payment
to its shareholders.
■RBS Corporate Banking organised an innovative
£1 billion debt structure for Barchester Healthcare.
■RBS Corporate Banking in Birmingham led and
co-arranged a £750 million syndicated facility for
Pendragon, the UK’s leading motor retailer group.
■RBS Corporate Banking in Yorkshire was the joint
underwriter and provider of £450 million senior debt
and revolving credit facilities to support Croda with
its acquisition of Uniqema.
Divisional review Corporate Markets
WA Developments Group WA Developments Group
includes the UK’s largest haulage company, Eddie Stobart.
RBS Corporate Banking, RBS Invoice Finance and Lombard
provided a refinance package to assist the company’s
future growth and development.
Divisional review continued
Corporate Markets continued