royal bank of scotland

The Royal Bank of Scotland is one of Scotland's four national clearing banks and one of the oldest in the UK, founded in Edinburgh in 1727 by Royal Charter. Today it is the largest bank in Scotland, the second largest in the UK and Europe, and the fifth largest in the world by market capitalisation. Its shares have a primary listing on the London Stock Exchange. The bank's head office is in St Andrew's Square, Edinburgh. It has offices throughout Europe, America and Asia

History of the Royal Bank of Scotland

1727- founded in Edinburgh by Royal Charter;
1783- first branch in Glasgow opens;
1874- first London branch opens;
1920- acquisition of various small English banks to form Williams Deacons Bank,later combined with Glyn Mills & Co. to form Williams and Glyn's Bank
1972- merger with National Commercial Bank of Scotland
1980- abortive hostile takeover bid by Hong Kong and Shanghai Banking Corporation fails
1985- established the Direct Line insurance brand
1985- Williams and Glyn's bank name merged with the Royal Bank of Scotland
1988- acquisition of Citizens Financial Group of Rhode Island.
1997- develops internet banking
2000- acquisition of the National Westminster Bank after hostile takeover battle with the Bank of Scotland.

The Royal Bank of Scotland still prints its own banknotes for Scotland
It was the first bank in the world to offer an overdraft facility
In June 1997, The Royal Bank of Scotland became the first high street bank in the UK to introduce an Internet banking service.
The bank's annual gross profits exceeds the annual budget of the Scottish Government

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