RBS 2007 Annual Report Download - page 19
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17
RBS Group • Annual Report and Accounts 2007
Ulster Bank
Highlights
•Ulster Bank Corporate Markets won the KPMG Business
Banking Excellence Award for the third consecutive year.
•With more than 1,100 machines our ATM network is now
the second largest on the island of Ireland.
•We funded the first large scale biodiesel production plant
in Ireland, helping Ireland to meet its EU Biofuels
Directive obligations.
Ulster Bank Group achieved impressive results while expanding
its footprint and introducing innovative new products. Across
Ireland we opened seven joint Ulster Bank branch and business
centres, three First Active stores and refurbished 46 locations.
Two new mobile branches enabled us to improve further the
service provided to customers in rural locations.
We built on our integration with the RBS IT platform to launch
new products including a number unique to the Irish market.
These included a new business banking proposition for start-
ups; OneCard, the first all-in-one card in the Irish market allowing
smaller companies to rationalise their payments process; and
the first personalised credit card, allowing customers to brand
their cards with the image of their choice.
First Active delivered a record year in investments, capitalising
on the opportunity presented by the maturity of the Special
Savings Account Ireland, a government-backed savings scheme.
Our Corporate Markets business leveraged the strengths of
the wider Group to finance construction of the N6 motorway and
widening of the M50 ring road around Dublin. The consortium
for these Public Private Partnerships involved contractors from
Spain and Ireland, and Ulster Bank worked closely with GBM
in Madrid, the relationship bankers to the Spanish firms.
Contribution (£m)
07
06
732
636
Ulster Bank Group continued to
expand its footprint across the
island of Ireland. In 2007, we
opened seven new joint branch and
business centres for Ulster Bank
and three new First Active stores.
This is the new branch and
business centre at Blackpool
in County Cork.