FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of December 2002
Commission File Number: 001-10306
The Royal Bank of Scotland Group plc
42 St Andrew Square
Edinburgh EH2 2YE
Scotland
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):_____
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No x
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
The following information was issued as Company announcements, in London,
England and is furnished pursuant to General Instruction B to the General
Instructions to Form 6-K:
The Royal Bank of Scotland Group
Shareholder and Analyst Conference
13 November 2002
The Royal Bank of Scotland Group plc ("RBS Group") announces that it is hosting
a conference for shareholders and analysts in Boston, Massachusetts on 13
November 2002. The focus of the conference is Citizens Financial Group, the
Group's US retail banking subsidiary.
The presentation will be available on the RBS Group website: www.rbs.co.uk
End
For further information:
Carolyn McAdam - Head of Group Communications - 0131 523 4572
Alan Waite - Head of Group Corporate Finance - 0207 427 9574
The Royal Bank of Scotland Group Announces Completion of NatWest IT Integration
13 November 2002
The Royal Bank of Scotland Group plc has today announced the successful
completion of the integration of the NatWest customer base onto the RBS Group IT
platform.
Commenting on the achievement, Group Chief Executive, Fred Goodwin said:
"The conversion took place in early October and we have now completed an entire
monthly cycle of operations on the enlarged IT platform. Systems performance has
been excellent, and the IT integration can now be declared complete, and a
success."
"When we acquired NatWest in March 2000, many doubted whether we could migrate a
customer base over three times the size of the Royal Bank of Scotland onto a
single Group technology platform. Whilst the scale and complexity of the
challenge was without obvious precedent, we had every confidence that our people
would deliver - they have done so and completed the task well ahead of
schedule."
End
For further information:
Carolyn McAdam - Head of Group Communications - 0131 523 4572
Alan Waite - Head of Group Corporate Finance - 0207 427 9574
The Royal Bank of Scotland Group plc
Pre-close Trading Up-date
9 December 2002
The Royal Bank of Scotland Group ("RBS") will be holding discussions with
analysts ahead of its close period for the year ending 31 December 2002. This
statement details the information that will be covered in those discussions.
RBS has continued to make good progress in 2002. Key features of its results for
2002, which will be released on 27 February 2003, are expected to include
continued strong growth in income, a further improvement in efficiency, stable
margins and provisions in line with guidance given at the half year stage.
Overall, Group profit for the year is anticipated to be in line with
expectations.
Income:
RBS has continued to achieve strong income growth. As reported in August, Wealth
Management income continues to be impacted by lower stock market levels,
however, all other divisions are expected to report strong growth in income for
2002.
Expenses:
Costs remain well under control. Income growth continues to exceed expense
growth and this relative movement has led to a further improvement in the
Group's cost:income ratio in 2002.
Credit Quality:
Overall credit quality remains strong, with no material change to the
distribution by grade of our risk assets compared with the position disclosed in
the interim results presentation in August.
Provisions:
The charge for provisions continues at a level in line with expectations and
consistent with the first half of 2002 and the growth in the loan book.
Margins:
The Group net interest margin has been maintained at the same level as that
reported for the first half.
Integration:
Successful completion of the NatWest IT integration was announced on 13 November
2002. The Group remains on track to deliver the increased transaction benefits
by the promised dates in 2003. The successful conversion of the Mellon Regional
Franchise onto the Citizens IT platform was announced on 5 September 2002.
Citizens continues to deliver the promised transaction benefits more quickly
than was originally envisaged.
Capital:
Capital ratios remain strong at levels within or in excess of our target ranges
and well above regulatory minima.
Fred Goodwin, Group Chief Executive, commented:
"Strong income growth, stable margins, improving efficiency and good credit
quality are expected to remain the key ingredients of our results.
All integration synergy targets are being met, and we have successfully
completed the IT integrations of both NatWest and the acquired Mellon retail
franchise.
We remain committed to our goal of building superior sustainable value for our
shareholders, customers and staff. Whilst the economic outlook continues to be
uncertain, we are confident that our bias towards less volatile activities in
less volatile geographies will enable us to continue to achieve this goal.
In short, our overall progress remains entirely on track."
For further information please contact:
0131 556 8555
Fred Goodwin, Group Chief Executive
Fred Watt, Group Finance Director 0131 556 8555
Alan Waite, Head of Group Corporate Finance 0207 427 9574
Howard Moody, Group Director, Communications 0131 523 2056
This announcement contains forward looking statements, including such statements
within the meaning of Section 27A of the US Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements concern or may
affect future matters, such as RBS's future economic results, business plans and
strategies, and are based upon the current expectations of the directors. They
are subject to a number of risks and uncertainties that might cause actual
results and events to differ materially from the expectations expressed in the
forward looking statements. Factors that could cause or contribute to
differences in current expectations include, but are not limited to, regulatory
developments, competitive conditions, technological developments and general
economic conditions. RBS assumes no responsibility to update any of the forward
looking statements contained in this announcement.
REDEMPTION OF NON-CUMULATIVE US DOLLAR PREFERENCE SHARES
London/New York - December 30, 2001 - The Royal Bank of Scotland Group plc gives
notice that it will redeem on January 30, 2003 all the non-cumulative US dollar
preference shares Series B (NYSE: RBSPRB) and Series C (NYSE: RBSPRC) listed in
American Depositary Receipt ("ADR") form.
The redemption details, are shown below:
US dollar
non-cumulative Redemption amount per Accrued dividends per
preference shares share (US$) share (US$) Coupon
Series B 25.00 0.21 11.2%
Series C 25.00 0.178125 9.5%
The aggregate value of each non-cumulative preference share series, all of which
are being redeemed on January 30, 2003, is as follows:
US dollar
non-cumulative Aggregate value
preference shares (US$)
Series B 200,000,000
Series C 400,000,000
Total 600,000,000
A notice of redemption is being sent to the holders of the ADRs representing
Series B and Series C non-cumulative dollar preference shares by The Bank of New
York, the ADS depositary and paying agent.
Depositary and Paying Agent
The Bank of New York
101 Barclay Street
Floor 21 East
New York, N.Y. 10286
212-815-8389
The following replaces the "Redemption - US Pref B & C" announcement released on
30 December 2002 at 10.54hrs under RNS 6308F. Additional contact details have
been added. All other details remain unchanged.
REDEMPTION OF NON-CUMULATIVE US DOLLAR PREFERENCE SHARES
London/New York - December 30, 2001 - The Royal Bank of Scotland Group plc gives
notice that it will redeem on January 30, 2003 all the non-cumulative US dollar
preference shares Series B (NYSE: RBSPRB) and Series C (NYSE: RBSPRC) listed in
American Depositary Receipt ("ADR") form.
The redemption details, are shown below:
US dollar
non-cumulative Redemption amount per Accrued dividends per
preference shares share (US$) share (US$) Coupon
Series B 25.00 0.21 11.2%
Series C 25.00 0.178125 9.5%
The aggregate value of each non-cumulative preference share series, all of which
are being redeemed on January 30, 2003, is as follows:
US dollar
non-cumulative Aggregate value
preference shares (US$)
Series B 200,000,000
Series C 400,000,000
Total 600,000,000
A notice of redemption is being sent to the holders of the ADRs representing
Series B and Series C non-cumulative dollar preference shares by The Bank of New
York, the ADS depositary and paying agent.
Depositary and Paying Agent
By Mail: By Hand or Overnight Courier:
The Bank of New York The Bank of New York
Tender & Exchange-11 West Tender & Exchange-11 West
P.O. Box 11248 101 Barclay Street
Church Street Station Receive & Deliver Window
New York, New York 10286-1248 New York, New York 10286
For Information Telephone: (800) 507-9357
The Royal Bank of Scotland Group plc;
For further information please contact:
Ron Huggett
Capital Raising Director
280 Bishopsgate
London
EC2M 4RB
Tel: 020 7375 4925
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: 7 January 2003
THE ROYAL BANK OF SCOTLAND GROUP plc
(Registrant)
By: /s/ H Campbell
--------------------------------
Name: H Campbell
Title: Head of Group Secretariat