welcome to the rbs intermediary roadshow chris pearson, director of intermediary sales
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September 9, 2008
Make it happen
Welcome to the RBS Intermediary Roadshow
Chris Pearson, Director of Intermediary Sales
The RBS Intermediary Roadshow
The RBS Intermediary Roadshow
2
Group results
• Operating profit of £10.3bn, up 9% in 2007.
• Interim results 2008 - underlying profit £5,1bn. Write-downs of £5.9bn. Headline loss of £691 million.
• Benefits from ABN acquisition revised upwards by 33%.
• 40 million customers world-wide.
• Market value.
• Economic footprint.
The RBS Intermediary Roadshow
3
Group facts
– 40 million customers in over 50 countries.
– 170,000 employees in over 50 countries, speaking over 30 languages.
– Each week we invest more than £1m in communities around the world.
– 11 million transactions a day.
– 6th largest employer in the FTSE 100.
The RBS Intermediary Roadshow
5
Balance sheet lender
• LIBOR, cost to the customer.
• No reliance on the sale of mortgage assets.
• A stimulated market may first have appetite for quality prime mortgage assets.
• Main mortgage originators now balance sheet lenders.
• Strong capital base.
5.00%
5.20%
5.40%
5.60%
5.80%
6.00%
6.20%
6.40%
6.60%
6.80%
7.00%
The RBS Intermediary Roadshow
6
Rights issue
• Supported by 95% of shareholders, we are well placed to continue growing our business and supporting our
customers.
• We have acted decisively in light of the unprecedented changes and challenges experienced in global markets - this is an issue for the whole industry.
• Our appetite is stronger than ever
• We are very much open for business and expect to do a lot more business in 2008.
The RBS Intermediary Roadshow
7
RBS IP update
– Start of the journey 1st May 2007
– Re-aligned sales structure.
– Fast-track.
– Income verification.
– Know your customer (KYC).
– Investment in products, process and service.
– Residential valuation panel.
– High value mortgage proposition
– Enhanced income types acceptance i.e. family tax credit, My ChoiceHome Buy
– Shared equity schemes - “My Choice” home buy
– 110% rental cover for B2L
– LiveTalk
– New products
A period of great progress:
The RBS Intermediary Roadshow
8
Our Roadshow
• We’re here to demonstrate
– Our commitment to the market.
– Other opportunities which exist in the market that will add real value to your business.
– How we can help you capitalise on these opportunities.
– Our breadth of offer in the intermediary sector.
• For you
– Get closer to RBS
– Get close to the Claret Jug and RBS Six Nations Trophy,
– CPD accredited.
The RBS Intermediary Roadshow
9
RBS Intermediary Roadshow
– Keynote speakers
– Business development workshops:
– Buy-to-let
– Current account mortgages
– Commercial finance
– Bridging finance
– Offshore finance
– Rural Mortgages
– TCF
– Marketing your business
– Mortgage:brain
– Trigold
– Q&A panel session
Agenda for the day
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