RBS 2007 Annual Report Download - page 8

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Divisional profile
Divisional profile
06
Corporate Markets is focused on the provision of debt and risk
management services to medium and large businesses and
financial institutions in the UK and around the world. Its activities
have been organised into two businesses, Global Banking &
Markets and UK Corporate Banking, in order to enhance our
focus on the distinct needs of these two customer segments.
Global Banking & Markets is a leading banking partner to
major corporations and financial institutions around the world,
providing an extensive range of debt financing, risk
management and investment services to its customers.
UK Corporate Banking is the largest provider of banking,
finance and risk management services to UK corporate
customers. Through its network of relationship managers
across the country it distributes the full range of Corporate
Markets’ products and services to companies.
Corporate
Markets
07
06
3,832
3,923
Contribution (£m)
Contribution (£m)
Retail Markets comprises Retail and Wealth Management.
Retail comprises both RBS and NatWest retail brands. It offers
a full range of banking products and related financial services
to the personal, premium and small business (SMEs) markets
through the largest network of branches and ATMs in the UK,
by telephone and internet. Retail is the UK market leader in
SME banking. Retail issues credit and charge cards and
other financial products through RBS, NatWest and other
brands, including MINT, First Active UK and Tesco Personal
Finance. It is the leading merchant acquirer in Europe and
ranks third globally.
Wealth Management provides private banking and
investment services to its global clients through Coutts
Group, Adam & Company, RBS International and NatWest
Offshore, in the UK and internationally in selected markets
in Europe and Asia-Pacific.
Retail – 2007 key highlights
We opened more than 975,000 new personal current
accounts, maintaining the Group’s joint number one
position in that market.
Bancassurance grew sales by 28% to £342 million.
Retail
Markets
Ulster Bank, including First Active, provides a comprehensive
range of financial services across the island of Ireland. Retail
Banking has a network of branches and operates in the
personal, commercial and wealth management sectors.
Corporate Markets provides services in the corporate and
institutional markets.
2007 key highlights
Business lending grew by 29%, spread across a variety
of industrial sectors.
Innovative products launched in 2007 included eSavings,
First Active Regular Saver and Reward Reserve.
Ulster
Bank
Contribution (£m)
Contribution (£m)
07
06
2,398
2,193
07
06
4,073
3,830
Contribution (£m)
Wealth Management – 2007 key highlights
Coutts & Co’s UK income grew by 22%.
A ComPeer survey found Adam & Company market
leading in providing investment operations, reporting
and performance services to wealth managers
07
06
558
462
07
06
732
636
GBM – 2007 key global rankings
ifr magazine named us Sterling Bond House
of the Year in 2007.
In the Risk Magazine Awards, we were named
Inflation Derivatives House of 2007.
UKCB – 2007 key highlights
Impairment losses fell 5%, reflecting the strong
quality of the portfolio.
Average loans and advances were up 11% and
average deposits were up 14%.
RBS Group • Annual Report and Accounts 2007