TIDMRBS
RNS Number : 5267F
Royal Bank of Scotland Group PLC
12 November 2015
RBS Investor Seminar: Corporate and Institutional Banking
("CIB")
12 November 2015
The Royal Bank of Scotland Group ("RBS") will be hosting an
Investor Seminar on its Corporate & Institutional Banking
("CIB") business today at 1.30pm (GMT).
The Seminar will provide an overview of RBS's Go-forward CIB
business as well as CIB Capital Resolution (CIB Exit bank assets
being run-down and managed for value). In addition the seminar will
highlight CIB's connectivity with the rest of RBS; primarily the
mid and large size corporates served by Commercial and Private
Banking ("CPB").
A live webcast and presentation slides will be available at
www.rbs.com/presentations. A replay and transcript will also be
made available on the website after the event.
For further information:
RBS Investor Relations
Richard O'Connor
Head of Investor Relations
+44 (0) 20 7672 1758
RBS Media Relations
+44 (0) 131 523 4205
Certain sections in this document contain 'forward-looking
statements' as that term is defined in the United States Private
Securities Litigation Reform Act of 1995, such as statements that
include the words 'expect', 'estimate', 'project', 'anticipate',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions.
In particular, this document includes forward-looking statements
relating, but not limited to: The Royal Bank of Scotland Group
plc's (RBS) transformation plan (which includes RBS's 2013/2014
strategic plan relating to the implementation of its new divisional
and functional structure and the continuation of its balance sheet
reduction programme including proposed divestments, RBS's
information technology and operational investment plan, the
proposed restructuring of RBS's CIB business into a Go-Forward Bank
and an Exit Bank and the restructuring of RBS as a result of the
implementation of the regulatory ring-fencing regime into a
non-ringfenced bank, referred to in this document as "CIB and CPB
working together", and a ring-fenced bank, together the
"Transformation Plan"), as well as restructuring, cost reduction,
capital and strategic plans, ring-fencing regime planning,
information or data presented in respect of all or any of CIB
Go-Forward (or "CIB GF"), CIB Capital Resolution (or "CIB CR"), CIB
NRFB or Exit Bank, divestments, capitalisation, portfolios, net
interest margin, capital and leverage ratios, liquidity,
risk-weighted assets (RWAs), RWA equivalents (RWAe), return on
equity (ROE), Income, Funded Assets, adjusted costs (Adj. costs),
profitability, cost:income ratios, loan:deposit ratios, capital
raising plans, funding and risk profile; RBS's future financial
performance; the level and extent of future impairments and
write-downs; and RBS's exposure to various types of market risks.
References to "RBS" may also be applicable to CIB and CPB working
together, CIB Go-Forward (or "CIB GF"), CIB Capital Resolution (or
"CIB CR"), CIB NRFB or Exit Bank and other constituent parts of
these businesses or RBS. These statements are based on current
plans, estimates, targets and projections, and are subject to
inherent risks, uncertainties and other factors which CIB
Go-Forward (or "CIB GF"), CIB Capital Resolution (or "CIB CR"), CIB
NRFB or Exit Bank could cause actual results to differ materially
from the future results expressed or implied by such
forward-looking statements. For example, certain market risk and
other disclosures are dependent on choices relying on key model
characteristics and assumptions and are subject to various
limitations. By their nature, certain of the market risk
disclosures are only estimates and, as a result, actual future
gains and losses could differ materially from those that have been
estimated.
Other factors that could adversely affect our results and the
accuracy of forward-looking statements in this document include the
risk factors and other uncertainties discussed in the 2014 Annual
Report and Accounts. These include the significant risks for RBS
presented by the execution of the Transformation Plan; RBS's
ability to successfully implement the various initiatives that are
comprised in the Transformation Plan, particularly the balance
sheet reduction programme including the divestment of Williams
& Glyn and its remaining stake in CFG, the proposed
restructuring of its CIB business and the significant restructuring
undertaken by RBS as a result of the implementation of the ring
fence; whether RBS will emerge from implementing the Transformation
Plan as a viable, competitive, customer focused and profitable
bank; RBS's ability to achieve its capital targets which depend on
RBS's success in reducing the size of its business; the cost and
complexity of the implementation of the ring-fence and the extent
to which it will have a material adverse effect on RBS; the risk of
failure to realise the benefit of RBS's substantial investments in
its information technology and operational infrastructure and
systems, the significant changes, complexity and costs relating to
the implementation of the Transformation Plan, the risks of lower
revenues resulting from lower customer retention and revenue
generation as RBS refocuses on the UK as well as increasing
competition. In addition, there are other risks and uncertainties.
These include RBS's ability to attract and retain qualified
personnel; uncertainties regarding the outcomes of legal,
regulatory and governmental actions and investigations that RBS is
subject to (including active civil and criminal investigations) and
any resulting material adverse effect on RBS of unfavourable
outcomes; heightened regulatory and governmental scrutiny and the
increasingly regulated environment in which RBS operates;
uncertainty relating to the referendum on the UK's membership of
the EU and the consequences arising from it; operational risks that
are inherent in RBS's business and that could increase as RBS
implements its Transformation Plan; the potential negative impact
on RBS's business of actual or perceived global economic and
financial market conditions and other global risks; how RBS will be
increasingly impacted by UK developments as its operations become
gradually more focused on the UK; uncertainties regarding RBS
exposure to any weakening of economies within the EU and renewed
threat of default or exit by certain countries in the Eurozone; the
risks resulting from RBS implementing the State Aid restructuring
plan including with respect to the disposal of certain assets and
businesses as announced or required as part of the State Aid
restructuring plan; the achievement of capital and costs reduction
targets; ineffective management of capital or changes to regulatory
requirements relating to capital adequacy and liquidity; the
ability to access sufficient sources of capital, liquidity and
funding when required; deteriorations in borrower and counterparty
credit quality; the extent of future write-downs and impairment
charges caused by depressed asset valuations; the value and
effectiveness of any credit protection purchased by RBS; the impact
of unanticipated turbulence in interest rates, yield curves,
foreign currency exchange rates, credit spreads, bond prices,
commodity prices, equity prices; basis, volatility and correlation
risks; changes in the credit ratings of RBS; changes to the
valuation of financial instruments recorded at fair value;
competition and consolidation in the banking sector; regulatory or
legal changes (including those requiring any restructuring of RBS's
operations); changes to the monetary and interest rate policies of
central banks and other governmental and regulatory bodies and
continued prolonged periods of low interest rates; changes in UK
and foreign laws, regulations, accounting standards and taxes;
impairments of goodwill; the high dependence of RBS's operations on
its information technology systems and its increasing exposure to
cyber security threats; the reputational risks inherent in RBS's
operations; the risk that RBS may suffer losses due to employee
misconduct; pension fund shortfalls; the recoverability of deferred
tax assets; HM Treasury exercising influence over the operations of
RBS; limitations on, or additional requirements imposed on, RBS's
activities as a result of HM Treasury's investment in RBS; and the
success of RBS in managing the risks involved in the foregoing.
The forward-looking statements contained in this document speak
only as of the date of this document, and RBS does not undertake to
update any forward-looking statement to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
The information, statements and opinions contained in this
document do not constitute a public offer under any applicable
legislation or an offer to sell or solicitation of any offer to buy
any securities or financial instruments or any advice or
recommendation with respect to such securities or other financial
instruments. ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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