The principles of the RBS strategy are working well
The new RBS is built upon customer-driven businesses with substantial competitive strengths in their respective markets.
In parallel, RBS legacy risk positions are being worked down and risk profile transformed, in part via Non-Core division.
Each unit is being reshaped to provide improved and enduring performance and to meet new external challenges.
Businesses are managed to add value in their own right but to provide a stronger, more balanced and valuable whole through cross-business linkages.